Cochin Minerals receives ₹120.26 Cr tax notice

Cochin Minerals & Rutiles Ltd has received a Show Cause Notice dated July 31, 2026, from the Commissioner, Central Tax & Central Excise (Audit), Kochi, concerning the HSN classification of products for financial years 2020-21 to 2023-24. The notice disputes the classification for periods prior to the company obtaining an Advanced Ruling and involves a disputed tax amount of ₹120.26 crores. The company received the notice on August 4, 2026. Cochin Minerals & Rutiles Ltd currently does not expect any impact on its financial, operational, or other activities.