SHREE CEMENT LIMITED has informed the Exchange that the commissioner (Appeals), CE & CGST, Jodhpur has dismissed the appeal filed against the demand order passed by Assistant Commissioner, Pali Division, Rajasthan for technical reasons thereby reinstating penalty
SHREECEM · price
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The Commissioner (Appeals), Central Excise & CGST, Jodhpur has dismissed Shree Cement's appeal against a demand order from the Assistant Commissioner, Pali Division, Rajasthan, reinstating a penalty of Rs. 3,59,831/- for alleged wrong availment of Cenvat Credit. The order was received on 29th April, 2026. The company has stated that this order has no major financial impact. Shree Cement is reviewing the order with legal advisors and evaluating further options, which may include filing an appeal before the Tribunal.
The penalty amount is very small (around Rs. 3.6 lakhs) and the company confirms no material financial impact. The stock price is unlikely to be affected, though investors should watch for any further escalation if the company appeals to the Tribunal.