Castrol India Ltd won a Rs 4,131-crore dispute against the Maharashtra Sales Tax Department as per the favourable order from the tribunal.
The dispute was regarding the movement of goods from state facilities to other states, alleged as inter-state sales by the tax department.
Castrol contended the claims, stating compliance with legal norms, and had already received favourable orders from the MVAT Tribunal for all 10 disputed years.
The company confirmed no financial impact as they had not provisioned for the disputed amount in their books; shares fell marginally post the business update.