Munjal Showa Faces ₹3.27 Cr Tax Assessment Notice

Munjal Showa Limited has received a Notice of Assessment from the Excise and Taxation Officer-cum-Assessing Authority, Gurugram, Haryana. The notice pertains to the Haryana Tax on Entry of Goods into Local Areas Act, 2008, for Assessment Years 2008-09 to 2014-15. The total proposed tax assessment amounts to ₹3.27 Crore. The company believes the assessments are not maintainable and is evaluating legal remedies. Munjal Showa does not anticipate any material impact on its financial position or operations.