Vedanta Ltd. on Saturday said it received a tax order of ₹1.45 billion, including applicable interest, from the Principal Commissioner of Central Tax, Vishakhapatnam. The penalty relates to non-payment of special additional excise duty for the period July 2022 to March 2024 on an oil and gas block where Vedanta was the operator, the company said in an exchange filing.Of the total ₹1.45 billion tax order, ₹1.15 billion was imposed as additional excise duty linked to “Videocon’s share.” Vedanta’s share of the penalty amounts to ₹69.6 million.
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