Dwarikesh Sugar Industries Limited — Others, 22-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
22-07-2025 | 03:24 pm
22-07-2025 | 03:24 pm
Dwarikesh Sugar's Dwarikesh Nagar unit has been directed by the Uttar Pradesh Excise Department to pay retrospective import/export fees on denatured spirit (power alcohol). A levy of ₹1 per bulk liter, previously uncollected due to an old interpretation, now covers FY 2018-19 to FY 2024-25. The total demand is ₹9.47 Cr. This action follows a Supreme Court order affirming the state's authority to levy such fees. The company is currently reviewing the order and plans to explore legal options. This is a statutory recovery, not a penalty, with no other material impact disclosed beyond this amount.
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