CESTAT upholds order in company's favour, confirms entitlement to refund of CENVAT credit of Rs. 2751 Lakhs

CESTAT Mumbai upheld the Order-in-Appeal dated 27.04.2018 passed in favour of the Company and confirmed its entitlement to refund of accumulated CENVAT credit of Rs. 2751 Lakhs, along with consequential interest where applicable.

Sun 4 Oct 2026

Refund Amount Confirmed

Rs. 2751 Lakhs

Order-in-Appeal Date

27.04.2018

Tribunal

CESTAT Mumbai

Outcome

The Revenue's appeal has been dismissed

Refund Subject Matter

refund of accumulated CENVAT credit

Litigation decided in the Company's favour

The Company has informed the stock exchanges about a development in a litigation it had disclosed earlier. The matter was before the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, and relates to the case listed at Sr. No. 3 of the Company's earlier intimation dated August 14, 2023.

What the Tribunal decided

• The Tribunal has upheld the Order-in-Appeal dated 27.04.2018 that was passed in favour of the Company.
• It has confirmed the Company's entitlement to refund of accumulated CENVAT credit, along with consequential interest, where applicable, for an amount of Rs. 2751 Lakhs.
• The litigation stands decided in favour of the Company and the Revenue's appeal has been dismissed.

How to read this

This is an update on a legal dispute, not on the Company's business operations. The order confirms an entitlement to a refund of accumulated CENVAT credit of Rs. 2751 Lakhs, along with consequential interest where applicable. The phrase "where applicable" is the update's own wording for the interest element.

What the disclosure covers

• The update is given as a change in status of a proceeding the Company had already disclosed to the exchanges.
• The proceeding was pending before the Tribunal, and the Revenue's appeal in it has been dismissed.

For a retail investor, the key point is that a pending indirect tax dispute has been decided in the Company's favour, with the Tribunal confirming the entitlement to refund of Rs. 2751 Lakhs along with consequential interest, where applicable.

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