Dalmia Bharat Limited announced that the Office of Assistant Commissioner of GST & Central Excise, Bokaro-II Division, Ranchi, Jharkhand, has waived off certain interest and penalties for Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary.
The interest of ₹23,56,554 and penalty of ₹5,23,966 pertaining to FY 2018-19 have been waived.
Additionally, a penalty of ₹20,000 pertaining to FY 2019-20 has been waived, as the tax liability was already paid by DCBL.