October 7, 2008

TATA MOTORS: Still Contests March 31 INR3.138B Sales Tax Demands

COMPANIES: Tata Motors Ltd fka Tata Engineering Locomotive Co Ltd
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Tata Motors Limited is contesting total sales tax demands (including interest and penalty) amounting to INR3.138 billion as of March 31, 2008.

The details of the demands involving more than INR50 million are as follows:

— The sales tax authorities in certain…

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