{"id":470994,"date":"2022-02-25T11:13:54","date_gmt":"2022-02-25T05:43:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=470994"},"modified":"2022-02-25T11:13:54","modified_gmt":"2022-02-25T05:43:54","slug":"indian-government-pays-cairn-energy-plc-rs-7900-crore-to-settle-retro-tax-dispute","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-government-pays-cairn-energy-plc-rs-7900-crore-to-settle-retro-tax-dispute\/","title":{"rendered":"Indian government pays Cairn Energy PLC Rs 7,900 crore to settle retro tax dispute"},"content":{"rendered":"<p>NEW DELHI: The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country&#8217;s image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received &#8220;net proceeds of USD 1.06 billion&#8221;, of which nearly 70 per cent will be returned to the shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country&#8217;s image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received &#8220;net proceeds of USD 1.06 billion&#8221;, of which nearly 70 per cent will be returned to the shareholders.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-470994","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=470994"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470994\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=470994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=470994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=470994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}