CEAT LTD. (CEATLTD)
Company has informed the Exchange about General updates
CEAT Limited has informed the exchange about a favorable order received from the Commissioner CGST & Central Excise, Mumbai Central, Maharashtra. The company was previously subject to show cause notices alleging that certain assembly activities qualified as manufacture, leading to a demand of INR 276.7 crore in differential excise duty. The proceedings have now been quashed without any tax demand, interest, or penalties, resulting in no financial or operational impact on the company.
Source: Original filing PDF
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