Kokuyo Camlin Limited has informed the Exchange about Action(s) initiated or orders passed
KOKUYOCMLN · price
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Kokuyo Camlin has received a favourable order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh, dated 17th July 2025. The tribunal set aside an earlier Excise Duty demand of approximately ₹7.9 Crores raised on the company's manufacturing unit at Samba, Jammu under the J&K area-based exemption scheme. The matter has been remanded for fresh adjudication, meaning there is no enforceable demand as on date. The ₹7.9 Crores was previously shown only as a contingent liability in the books. The company confirmed there is no financial or operational impact currently, and the outcome removes the risk of an actual cash outflow on this dispute.
Positive for shareholders — a potential ₹7.9 Crore liability has been set aside by the tribunal, removing a contingent liability overhang, though the matter is remanded for reconsideration. The stock may see a mild positive reaction given the removal of this tax dispute risk.