India refunds Rs 7,900 crore to Cairn to settle retro tax dispute

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Cairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and “net proceeds of USD 1.06 billion have been received.”

PTI

February 24, 2022 / 06:25 PM IST

The Indian government has refunded Rs 7,900 crore to Britain’s Cairn Energy Plc to a dispute over levy of retrospective taxes.

Cairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and “net proceeds of USD 1.06 billion have been received.”

 

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