PCBL Chemical Limited has informed the Exchange about General Updates
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PCBL Chemical has received an order from the Principal Commissioner of Central Tax & Central Excise, Cochin dated July 17, 2025. The order dropped a proposed demand of Rs. 1.74 crore but confirmed another demand of Rs. 1.55 crore along with an equivalent penalty of Rs. 1.16 crore, totaling about Rs. 2.71 crore. The demand relates to alleged incorrect availment of input service credit during FY 2011-12. The company plans to appeal the order before the appropriate authority within the prescribed time and expects a favorable outcome. The company has stated that there is no material impact on its financial, operational, or other activities from this order.
The confirmed demand of ~Rs. 2.71 crore is relatively small compared to the size of a major listed chemical company, and the company believes there is no material financial impact. However, the order is adverse and the appeal outcome remains uncertain, which could lead to some near-term uncertainty for shareholders.