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| Exchange Disseminated Time 30/05/2016 20:39:56 | GKB Ophthalmics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has transacted the following business:-
1. Decided to pass over the dividend for the year 2015-16.
2. The Commissioner, Central Excise and Service Tax Goa, has passed an order dated April 10, 2016, claiming differential central excise duty payable on plastic lenses for the period June, 2007 to September, 2015, aggregating to Rs. 5.78 crores and has imposed a penalty of Rs. 5.78 crores and given the Company 3 months' time to file an appeal.
The Board has decided to file an appeal against the order, with Assistant Registrar, Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Western Bench, Mumbai.
The Board of Directors' Meeting started at 4.30 P.M. and ended at 5.30 P.M., on the same day. |
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