Stating that the company failed to respond to two reminders as well as a hearing, the Goa government has fined JSW Steel Limited more than Rs 156 crore towards unpaid cess under Goa Rural Improvement and Welfare Cess Act, 2001, for transport of coal.
According to a notice sent by the government on November 9, which emerged late Monday night, the company was given time up to November 24 (Tuesday) to pay the amount. JSW is among 19 corporates issued notices — in all, cess dues have been estimated at over Rs 200.73 crore, including JSW’s purported liability of over Rs 156.34 crore.
In a statement on Tuesday, JSW said it has challenged the matter in High Court and it will come up for hearing on November 26.
