Tax & Penalty24 Jul 2026, 04:41 pm
Raw Edge Industrial fined ₹10.6 Cr; High Court challenge pending
AI Summary
Raw Edge Industrial Solutions Ltd has been penalized ₹10,61,46,804 by the Central GST & Central Excise, Surat Commissionerate. The company's appeal to the Appellate Authority was rejected, upholding the original order. Subsequently, Raw Edge Industrial filed a writ petition with the Hon'ble High Court of Gujarat on February 27, 2026, challenging the appellate order. The matter is currently pending adjudication. The company cited internal review time as the reason for delayed reporting.
Key Highlights
- Company fined ₹10.61 Cr by GST & Central Excise authorities.
- Appeal to Appellate Authority rejected, original order upheld.
- Company has filed a writ petition in Gujarat High Court.
- Matter is pending adjudication.
- Reporting delay attributed to internal review.
Price Impact
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