StockWatch
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Industrial Products
Legal5 Oct 2026, 02:38 pm

Indian Hume Pipe Wins GST Appeal, Relief of ₹1.3 Cr

AI Summary

Indian Hume Pipe Company Ltd has received a favorable Order in Appeal from the Commissioner, Appeals, CGST & Central Excise, Bhopal. This order grants complete relief on interest and penalties amounting to ₹1,30,54,437 (₹1.30 Crore) related to the Financial Years 2020-2021 & 2021-2022. The dispute involved alleged delayed payment of tax and disallowance of Input Tax Credit (ITC). The company had appealed against an earlier Order in Original which had imposed a total demand of ₹1,30,54,437. The appellate order has no adverse financial impact on the company.

Key Highlights

  • Company secured full relief in GST appeal.
  • Total relief granted amounts to ₹1,30,54,437.
  • No adverse financial impact on the company.
  • Dispute related to FY2020-21 & FY2021-22.
  • Order covers interest and penalty charges.