Legal12 May 2026, 01:44 pm
KELTECH Energies: CESTAT Allows Appeal, Penalty Set Aside
AI Summary
KELTECH Energies Ltd. announced that the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed the company's appeal against a penalty of ₹13,75,43,257 imposed by the Commissioner of Customs related to the import of Ammonium Nitrate. The CESTAT has set aside the order of the lower authority, resulting in no further liability for the company in this matter.
Key Highlights
- CESTAT allows KELTECH Energies' appeal against customs penalty.
- Penalty of ₹13,75,43,257 related to Ammonium Nitrate import set aside.
- Favourable order results in no further liability for KELTECH Energies.
- Appeal was against order from Commissioner of Customs.