"The Office of Deputy Commissioner of Central Excise, Guwahati vide its letter dated December 8, 2015 in the matter of NETCO has issued a demand notice to the company for Rs 121.55 crore which is recoverable from NETCO only," Golden Tobacco said in a BSE filing.

The company which sells cigarettes and cigars is taking 'appropriate legal action in this regard'.

Golden Tobacco has cigarettes brands as - Panama, Taj Chhap Deluxe, Style Mini Kings, Chancellor, Platinum, Flair Kings and June Slim.

It also sells cigars under the brand name of Just Black and Lips.

Latest News  from Business News Desk