Corporate
-
Taxation
Industry & Economy
-
Power
TN chamber obtains interim stay on 5 pc electricity tax
Our Correspondent
Madurai
,
March 11
THE Tamilnadu Chamber of Commerce and Industry has obtained an interim stay over its writ appeal filed before the Madras High Court Bench, restraining the Tamil Nadu Electricity Board from levying, demanding and collecting five per cent electricity tax.
Mr S. Rethinavelu, President of the chamber, in a statement here has said that the industry particularly SSI units were affected on account of high rate of electricity charges in the State, price-wise becoming uncompetitive with the products of other States.
Units, which are power oriented, have already shifted their industrial activities to the neighbouring States. Under such circumstances, the levy of five per cent electricity tax added to their woes. The chamber filed a writ petition on the file of the High Court of Judicature at Madras questioning the validity of five per cent electricity tax under the Tamilnadu Electricity (Taxation on Consumption) Amendment Act 1991.
The same was dismissed. Against the said dismissal order the chamber filed a writ appeal and has obtained the present interim-stay order.
More Stories on :
Taxation |
Power |
Tamil Nadu
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
