Customs Authority Issues Demand for GST and Penalty Against Container Corporation of India Ltd.
Container Corporation of India Limited received an order from the Commissioner of Customs & Central Tax, Appeals-II Commissionerate, Hyderabad, Telangana, detailing a demand for Goods and Services Tax (GST) along with a penalty and accrued interest. The directive was issued on April 7, 2026, and subsequently received by the company on April 13, 2026.The authority raised a demand totaling Rs.37,98,180 for GST, accompanied by an identical penalty amount of Rs.37,98,180, plus interest calculated at 18%. In total, the order mandates a demand of GST alongwith penalty amounting to Rs.75,96,360, plus 18% interest.
The official order, received on April 13, 2026, noted that the alleged violation concerns the availing of ineligible Input Tax Credit (ITC) and the failure to pay tax on Other Income.
Regarding the financial impact, the company stated that based on its internal assessment, it believes no excess Input Tax Credit was availed or utilized. Container Corporation of India Limited indicated that there is no material impact on the company’s financial, operational, or other activities due to this demand. The company confirmed that appropriate actions, including the filing of an appeal in this matter, are being undertaken.
The financial details of the demand are summarized below:
| Component | Amount (INR) | Details |
|---|---|---|
| GST Demand | Rs.37,98,180 | As per order dated 07.04.2026 |
| Penalty | Rs.37,98,180 | Equal to GST demand |
| Interest | 18% | Applicable interest rate |
| Total Demand (GST + Penalty) | Rs.75,96,360 | Excluding interest |
The company confirmed the date of receipt of the order was April 13, 2026.
CONCOR Stock Price Movement
Today, Container Corporation of India Limited shares edged higher to close at ₹489.20, reflecting a gain of 1.34%. The stock saw robust activity during the session, trading on a total volume of 1.35 million shares.Source:
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