Legal14 May 2026, 12:19 pm
MRPL Wins CESTAT Appeal, ₹1212.53 Cr Refund Eligible
AI Summary
Mangalore Refinery and Petrochemicals Ltd (MRPL) has received a favorable final order from the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore, regarding a dispute over the classification of imported 'Reformats'. CESTAT allowed MRPL's appeal, making the company eligible for a refund of ₹1212.53 crore in customs duty, which was previously paid under protest. This will improve MRPL's cash flow and extinguish a contingent liability of ₹616.82 crore. The company will file a refund application as per the Customs Act, 1962.
Key Highlights
- MRPL wins appeal at CESTAT, Bangalore regarding classification of 'Reformats'.
- The order makes MRPL eligible for a refund of ₹1212.53 crore customs duty.
- The refund will improve MRPL's cash flow and extinguish a ₹616.82 crore contingent liability.
- MRPL will file a refund application under the Customs Act, 1962.
- The dispute concerned the classification of imported goods and related duty demands.