A writ petition has been filed at Hon''ble High Court of Madras against an order from The Assistant Commissioner (ST), Commercial Tax Office, Tirupur
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Velan Hotels has filed a writ petition at the Madras High Court challenging an Entry Tax order from the Assistant Commissioner (ST), Tirupur. The dispute relates to an Audi Q7 vehicle imported in 2006 on a High Sea Sale basis, for which the tax authority has demanded Entry Tax of Rs. 4,31,292, a penalty of Rs. 4,31,292, and interest of Rs. 20,05,260 — totalling approximately Rs. 28.68 lakhs. The order was issued nearly 19 years after the vehicle entered the local area, which the company says makes the demand unjustifiable. The company believes the demand is not maintainable and is seeking legal remedy through the writ petition, which has now been numbered by the court.
The financial exposure is small (under Rs. 30 lakhs) and unlikely to materially affect the stock or operations, but the case highlights an unusually long-pending legacy tax matter. If the company wins, the demand gets quashed; if it loses, the cash outflow is modest but sets a precedent on old import transactions.