Dollar Industries Limited has informed the Exchange about General Updates, Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )- receipt of demand order by the Company from office of the GST and Central Excise Department
DOLLAR · price
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Awaiting price reaction for this filing.
Dollar Industries has received an order from the Commissioner of GST and Central Excise (Appeals), Coimbatore, demanding Rs. 122 lakhs towards excess Duty Drawback claimed by the company in FY 2011-12 and FY 2012-13. An earlier appeal filed by the company against the original order has been dismissed on 17th June 2025. The company has clarified that this will have no material impact on its financials, operations, or other activities. The company intends to file a further appeal before the Commissioner Appeals-GST Appellate Authority to challenge this order.
This is a relatively small tax dispute (Rs. 1.22 crore) from older fiscal years, and management has confirmed no material financial impact. Shareholders are unlikely to see any significant effect on the stock, though the matter will remain a minor overhang until the next appeal is resolved.