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Aug 21, 2012, 02.57 PM IST
The central excise department has slapped a notice on infrastructure major Larsen and Toubro (L&T) for alleged non-payment of excise duty of Rs 160 crore, a demand that the company said it is contesting.
"We have issued a notice to L&T," confirmed a source. "The matter is under dispute and we are contesting the demand. All companies receive similar notice from time-to-time and we are suitably responding to the department," L&T spokesperson told PTI.
Sources said that allegedly parts of heavy earth moving vehicles were imported by L&T through M/s Komatsu India Pvt Ltd and the duty has been charged in lieu of it.
L&T allegedly cleared the goods without payment of duty and registration under central excise, they said, adding that it cleared a substantial quantity of these parts and removed them from the factory without payment of duty.
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