Dwarikesh Sugar Industries Ltd

Dwarikesh Sugar Directed to Pay ₹9.47 Cr Import/Export Fee by UP Excise 🧾

• Dwarikesh Sugar received a directive from the UP Assistant Excise Commissioner regarding import/export fees on denatured spirit

• Required to pay ₹1 per bulk liter for the period from FY 2018-19 to FY 2024-25

• Total amount payable is ₹9,46,82,000

• Order is based on the Supreme Court's decision dated October 23, 2024, upholding the state's authority to levy such fees

• Financial impact is limited to the quantified amount with no additional penalties or operational impacts mentioned

• Company is reviewing implications and considering legal recourse