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• Essar Oil has filed a petition in the Supreme Court seeking to review a judgment that prevents the company from deferring payment of sales tax to the Gujarat government.The Supreme Court, in its order of 17 January, had overturned a Gujarat High Court ruling that permitted the company to pay the sales tax in deferred installments.The Gujarat government had demanded that Essar Oil repay Rs6,300 crore ($1.235 billion) plus interest of deferred sales tax as per the Supreme Court order.
• The high court order had allowed Essar Oil to pay taxes on revenues from its Vadinar refinery from a later date in six installments."We are seeking a review of the apex court's decision relating to repayment of deferred sales tax. On January 17, 2012, the Supreme Court had set aside a Gujarat High Court judgment permitting Essar Oil to avail of a sales tax deferral benefit from the Gujarat Government," Essar Oil said in a press statement today. (See: SC orders Essar Oil to pay Rs6,309-cr sales tax dues)Essar Oil, 87 per cent owned by London-listed Essar Energy, has deferred Rs6,300 crore (about $1.24 billion) under a deferred tax payment facility provided by the government of Gujarat, where the company's Vadinar refinery is located.

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