Legal31 March 2026 at 06:04 am
SRF Ltd Faces Rs. 1,03,10,343 Demand Order from Tax Authority
AI Summary
SRF Ltd has received a demand order from the Additional Commissioner of CGST and Central Excise- Chennai North Commissionerate for an amount of Rs. 1,03,10,343 along with an equal amount of penalty and applicable interest. The order disallows certain CENVAT credit claimed by the Company for the period from 2005–2011. The Company is examining the order and will pursue legal remedies by filing an appeal. The management does not expect any material adverse impact beyond the amount disclosed.
Key Highlights
- SRF Ltd received a demand order from the tax authority for Rs. 1,03,10,343
- The demand order includes an equal amount of penalty and applicable interest
- The order disallows certain CENVAT credit claimed by the Company for the period from 2005–2011
- The Company is examining the order and will pursue legal remedies
- The management does not expect any material adverse impact beyond the amount disclosed
SRFSpecialty Chemicals
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