CESTAT Sets Aside Ramco's Appeal in CENVAT Credit Dispute of Rs 2.33 Cr

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹1080.00

prior close

₹1087.00

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%-0.6% vs market

Cement & Cement Products peers, median of 35sector+1.1%-0.8% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.8 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 35Pending

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AI summary

Ramco Cements has informed exchanges that CESTAT has set aside the company's appeal regarding disallowance of CENVAT credit on outward freight of Rs 2.33 crores and remanded the matter back to the original authority for fresh review. This relates to a previous disclosure dated 14 August 2023. The company noted that disputes of a similar nature across various statutory authorities total about Rs 4.71 crores.

Likely market impact

Procedural setback in the CENVAT credit case; matter sent back to original authority, not a final ruling. About Rs 4.71 crores in total tax disputes remain at stake.