D-Link India receives demand for payment

D-Link India Ltd has informed that the Company has received an demand for payment of differential excise duty of Rs 3.41 crores under Section 11A (2) of the Central Excise Act, 1944 for the period February 01, 2001 to March 31, 2005 and equivalent amount of penalty under Section 11AC of the Central Excise Act, 1944 read with Rule 173Q of the Central Excise Rules, 1944 and Rule 25 of the Central Excise Rules, 2002 along with accrued interest thereon as per the applicable rates under the Central Excise Act, 1944.

The Company is taking legal opinion on the above order and will keep posted of any further action taken by the Company in the aforesaid matter.