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Meghalaya Govt to offer petrol pumps instalment option to settle Rs 38 cr in pending dues

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Shillong, July 10: The state Cabinet on Wednesday approved the proposal to provide an option to petrol pumps to clear over Rs 38 crore pending dues in instalments.

Informing this after chairing a cabinet meeting, Chief Minister Conrad K Sangma said there are petrol pumps that have not paid their dues due to poor financial situation, and their interests are piling up. “Hence, to avoid the situation where things are not resolve in the future and these interests keep piling up, we have come up with a one time kind of a settlement programme with the different petrol pumps where we are freezing the interest amount and the principal amount, and then dividing them into equal instalments depending on the amount that is due, the instalments will differ,” he said.

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“But the idea being that we are giving the options to the petrol pumps to be able to repay the amounts of the tax which they are supposed to pay, which they have not; some of them amounting to close to Rs 35 crore and with interest it is about Rs 3 crore more – so about Rs 38 crore is due,” he added.

He said the number of instalments for each defaulting petrol pump will differ based on their due.

He was also hopeful that the petrol pumps would accept this particular proposal.

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