Excise Notice SLAPPED on Infrastructure Giant?
AT least 25 newspapers and agencies carried an identical news item today that the Central Excise Department has slapped a notice on infrastructure major L&T for alleged non payment of excise duty of Rs. 160 Crore. What's New? It is quite normal for the Department to issue such notices and even L&T must have got such notices earlier. A notice does not mean that the recipient of the notice (famously called Noticee in the Department) is a condemned evader. Even PSUs are SLAPPED notices demanding thousands of Crores. Then, why does the L&T notice get so much publicity? Is it a planned story?