Tax & Penalty12 Jun 2026, 06:41 pm
LMW Ltd Faces ₹22.4 Lakh Penalty for Incorrect E-way Bill
AI Summary
LMW Ltd has received a notice from the Commercial Tax Officer, Hubballi, Karnataka, regarding an export consignment cleared with an incorrect e-way bill. The company has been levied a penalty of ₹22,42,792/-. LMW Ltd stated that there is no material impact on its financials, operations, or other activities due to this issue. The company plans to file an appeal before the Deputy Commissioner of Commercial Tax, Hubballi, Karnataka.
Key Highlights
- LMW Ltd fined ₹22.4 Lakhs for e-way bill discrepancy.
- No material financial or operational impact expected.
- Company will appeal the penalty decision.
- Issue relates to export consignment clearance.
Price Impact
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