Image Source : Trade Brains
Balrampur Chini Mills Ltd has been served retrospective charges amounting to Rs 218.1 million following the Uttar Pradesh government’s decision to reinstate import and export fees on denatured alcohol. The move reverses earlier exemptions and applies to past transactions, impacting the company’s distillery operations.
Key Highlights:
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The reinstated fees apply to interstate movement of denatured alcohol, a key input for ethanol production
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Balrampur Chini has received a formal demand notice for Rs 218.1 million covering prior periods
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The company is evaluating legal and operational responses to mitigate financial impact
Strategic Context:
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Denatured alcohol is central to Balrampur’s ethanol business, which contributes over 20% of its revenue
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The policy shift may affect cost structures and pricing strategies across the sector
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Industry players are seeking clarity on future applicability and potential relief measures
Sources: Business Standard, Economic Times, Moneycontrol, Balrampur Chini Mills Regulatory Filings.
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