The Madras High Court on date rejected the Southern Petrochemical Industries Corpn Ltd’s request to grant it exemption from the levy of electricity tax. It said that it should be exempted from the levy of the tax as it was engaged in the manufacture of ‘chemicals' and fertilisers such as urea and di-ammonium phosphate and that it had installed captive power generator sets in the Tuticorin plant. It is essential to mention in this context that The TN Electricity (Taxation on Consumption) Act, 1962 had empowered the government to exempt ‘chemical industries' which generated electricity in their captive units from the levy of tax.
Petrochemical Industries Corp Ltd not Exempted from Electricity Tax
By Jagranjosh
Mar 15, 2011, 02:21 IST
The Madras High Court on date rejected the Southern Petrochemical Industries Corpn Ltd’s request to grant it exemption from the levy of electricity tax. It said that it should be exempted from the levy of the tax as it was engaged in the manufacture of ‘chemicals' and fertilisers such as urea and di-ammonium phosphate and that it had installed captive power generator sets in the Tuticorin plant.
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