Wait...
  1. Home >
  2. Export Import News >
  3. GST News >
  4. Shaily Engg share price falls 13% after GST authorities search its Rania unit >
  5. Shaily Engg share price falls 13% after GST authorities search its Rania unit

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Shaily Engg share price falls 13% after GST authorities search its Rania unit.


Date: 10-12-2019
Subject: Shaily Engg share price falls 13% after GST authorities search its Rania unit
Shaily Engineering Plastics share price declined more than 13 percent intraday on December 9 after the company's plant at Rania was searched by GST authorities.

There was a search at the company's Rania plant by GST authorities and the same has ended, the company said in a release.

The company is extending all co-operation and the investigation and submissions by the company is continuing.

As part of the investigation, the authorities have seized some moulds belonging to the company as well as its customers. This is being contested by the company. There has not been any case of evasion of any duty which has been established as of now and the company has not received any show-cause notice from the authorities till date, the company added.

The company and its officials are cooperating in all possible manner to aid and complete the investigations. The company is working along with its legal counsel on the subject.

It also said neither the company nor its officials have agreed to any allegations of tax evasion.

The company and its officials have always conducted operations within the framework of law and strongly believe that this is completely unwarranted and continues to adopt the highest standards of governance, it further added.

At 14:26 hrs Shaily Engineering Plastics was quoting at Rs 589.95, down Rs 45.50, or 7.16 percent on the BSE.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-01-2020
A.P. (DIR Series) Circular No.17
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)

Date: 17-01-2020
TRADE NOTICE NO. 46/2019-20
Mis-classification goods under 'Others' category at the time of Import- reg.

Date: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 15-01-2020
Circular No 03/2020-Customs
Implementation of PGA e-SANCHIT– Paperless Processing under SWIFTUploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs – reg

Date: 15-01-2020
A.P. (DIR Series) Circular No. 16
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment

Date: 14-01-2020
PUBLIC NOTICE No. 56/2015-2020
Amendments in Standard Input Output Norms (SION) of Engineering Product group: Suspension of SION C-888 - reg

Date: 14-01-2020
Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 13-01-2020
Notification No. 05/2020 – Central Tax
Seeks to appoint Revisional Authority under CGST Act, 2017.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001