Tax & Penalty31 Jul 2026, 09:21 pm
PCBL Chemical Ltd Fined ₹6.08 Lakhs by Haryana Tax Authority
AI Summary
PCBL Chemical Ltd has received an order from the Office of Assistant Excise and Taxation Officer, Sonipat, Haryana, confirming a penalty of ₹6,08,400. This penalty is under section 129(3) of the GST Act, 2017, related to the detention of a vehicle due to incomplete documentation for goods movement on March 23, 2026. The company has evaluated the order and stated that there is no material impact on its financial, operational, or other activities. The order was issued on July 31, 2026.
Key Highlights
- PCBL Chemical Ltd faces a penalty of ₹6,08,400 from Haryana tax authorities.
- The penalty is for movement of goods with incomplete documents.
- The company assesses no material impact on its operations or finances.
- The order was issued under Section 129(3) of the GST Act, 2017.
Price Impact
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