Salora International Limited Receives Notice of Provisional Bank Account Attachment
Salora International Limited has received a communication from the Goods and Services Tax (GST) Department regarding the provisional attachment of its bank accounts held with Kotak Mahindra Bank and Canara Bank. The attachment is being initiated under Section 83 of the Central Goods and Services Tax Act, 2017.The company clarified that this communication is interim and provisional in nature and does not represent a final determination of any tax liability against the company. The proceedings are currently at a preliminary stage and subject to due process.
Salora International Limited is pursuing legal remedies, including filing objections and appeals with relevant authorities, and is cooperating with the ongoing proceedings. The company emphasized that this development does not constitute an adverse inference and remains under consideration.
The company is registered at D-13/4 Okhla Industrial Estate, Phase-II, New Delhi, South East Delhi – 110020. Mohd Khizar Ali Khan, Company Secretary, made the disclosure as a matter of abundant caution.
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