Vedanta Limited, formerly Sterlite Industries (India) Limited, has moved the Madras High Court claiming that it might end up suffering a loss of ₹150 crore if it is not allowed to use duty credit certificates beyond 24 months, besides using them to set off Integrated Goods and Services Tax (IGST) and GST Compensation Cess.
The writ petitions filed by the company have been listed for admission before the first Division Bench of Chief Justice Munishwar Nath Bhandari and Justice D. Bharatha Chakravarthy on Monday. In its affidavit, the company said it was engaged in mining and extraction of metals such as copper, zinc, aluminium and iron ore.
