Legal26 Sept 2025, 05:21 pm
National Fertilizers Ltd Receives Refund Recovery Claim & Penalty of Rs 116.01 Crores
AI Summary
National Fertilizers Ltd has received a refund recovery claim and penalty from the Additional Commissioner, Office of the Commissioner of Central Tax, Guntur for the period April, 2022 to March, 2023. The total demand is Rs 116.01 Crores. The company is currently reviewing the order and will exercise its right to file an appeal before the Commissioner Appeals. This recovery claim does not have a material impact on the financial and operational activities of the company.
Key Highlights
- National Fertilizers Ltd has received a refund recovery claim and penalty of Rs 116.01 Crores
- The recovery claim is for the period April, 2022 to March, 2023
- The company is reviewing the order and will file an appeal before the Commissioner Appeals
- The recovery claim does not have a material impact on the company's financial and operational activities