Shipping Corporation Of India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SCI has received an order dated 11 March 2026 from the Joint Commissioner of State Tax (Appeal-VI), Mumbai, confirming a revised tax demand of about Rs 60.07 crore (tax component of around Rs 29.09 crore plus interest and penalty). This is a significant reduction from the original demand of Rs 160.37 crore issued earlier. The demand stems from a mismatch of Input Tax Credit (ITC) with GSTR-2A. The company is reviewing the order in detail, plans to explore all legal options including filing a further appeal, and believes the case has strong merit on its side.
The downward revision of the demand from ~Rs 160 crore to ~Rs 60 crore is a positive development, but the liability still remains material. Since SCI intends to contest further, the final cash impact is uncertain and will depend on the outcome of the next appeal.