Excise Levy Hits Dwarikesh Sugar With ₹94.7 Million Demand Over Denatured Spirit Fees

Dwarikesh Sugar Industries Ltd has received a demand order from the Assistant Excise Commissioner, Government of Uttar Pradesh, directing its Dwarikesh Dham unit to remit ₹94.7 million in statutory fees. The order stems from retrospective levies on denatured spirit transactions between FY 2018–19 and FY 2024–25.

 

Key Details Of The Excise Directive

Company Response And Legal Position

Industry Context

The move underscores heightened scrutiny of ethanol and industrial alcohol transactions, especially as sugar mills diversify into biofuel production under India’s ethanol blending program.

 

Sources: Moneycontrol, Dwarikesh.com, Economic Times, SEBI Filings.