Gujarat Ambuja Exports Limited has informed the Exchange about update on disclosure of the Company dated 30th November, 2024 - Order passed by the Commissioner (Appeals) Central Tax, Indore
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Awaiting price reaction for this filing.
Gujarat Ambuja Exports Limited received an order dated 7th July 2025 from the Commissioner (Appeals), Central Tax, Indore, which upheld a tax demand of Rs. 81.68 lakh along with an equal penalty of Rs. 81.68 lakh, plus applicable interest, relating to Financial Year 2021-22 under Section 107 of the CGST Act, 2017. The total potential liability comes to roughly Rs. 1.63 crore excluding interest. The company has stated there is no material impact on its financial operations. The company believes the order is arbitrary and unjustified and plans to file a further appeal before the Appellate Authority within the permissible timeline.
For shareholders, the immediate financial hit is limited (about Rs. 1.63 crore plus interest) and the company has flagged no material impact, so a major stock price reaction is unlikely. However, the matter remains open and any future adverse ruling in the next appeal round could change that assessment.