The directorate general of central excise intelligence in the city has started a probe in the case and sought certain clarification from the Mangalore-based MRPL. New Delhi:Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation, has come under the scanner of central revenue authorities for alleged excise duty evasion of at least Rs.10 crore. The case relates to alleged wrong classification of mixed xylene—a clear colourless aromatic hydrocarbon liquid having sweet odour—produced by it, they said. “As far as MRPL is concerned, the classification of mixed xylene had been done under Central Excise Tariff Act after deliberation and intimation to the central excise authorities concerned nearly ten years back. “In response to the recent inquiry from central excise department, the matter of prior intimation has been brought to the notice of the authorities by the company.

Source: Mint September 18, 2016 05:48 UTC