Epic Research

Thursday, September 5, 2013

Epic Update : NSEL



Outstanding amount of Rs 5,573 crore on August 1 including value added tax (VAT) of Rs 186 crore
All pay-out as per Forward Markets Commission (FMC) directions
All pay-outs being computed based on settlement liability
To release VAT of Rs 186 crore against invoices raised
Proportionate VAT amount being retained in Escrow a/c
Amount to be released after receiving VAT invoices, FMC nod. 


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