Nuvoco Vistas Corporation Limited has informed the Exchange about a demand order received The Assistant Commissioner, Commercial Tax, Raipur Chhattisgarh

Nuvoco Vistas has received a demand order from the Assistant Commissioner, Commercial Tax, Raipur on June 5, 2025. The order relates to entry tax on movement of limestone mixtures inside the factory for FY 2016-17, where the authority has demanded 10% entry tax despite the company already paying and the department having accepted 1% entry tax in earlier assessments. The total demand across 4 orders is approximately Rs. 3.49 crore, covering tax, interest, and penalty. The company plans to file a writ petition in the Chhattisgarh High Court to challenge the demand, citing that it is barred by limitation and was issued under a section that does not permit orders prejudicial to the assessee. Management has stated the demand is unlikely to survive legal challenge and will not have a major financial impact.