Elecon Engineering Company Limited Pays Penalty to Obtain Release Order
Elecon Engineering Company Limited announced that it has paid a penalty of ₹ 11,98,800 to the Dy. Commissioner of State Tax, Enforcement, Div-8, Surat, to obtain a release order related to a dispute concerning a transport vehicle detained due to a name mismatch in a consignment.The incident occurred on March 30, 2026. Elecon Engineering Company Limited anticipates filing an appeal for a refund against the order before the appropriate authority and does not foresee a material impact on its financial or operational activities. The company received formal notice from the authority on March 31, 2026.
Details of the Action:
The following table summarizes the details of the action taken:
| Particulars | Details |
|---|---|
| Name of the authority | The Dy. Commissioner of State Tax, Enforcement, Div-8, Surat. |
| Nature and details of the action(s) taken or order(s) passed | The Authority detained the transport vehicle due to mismatch of namein ship to consignment. |
| Date of receipt of direction or order | 30 th March, 2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | The Company has paid the penalty of ₹ 11,98,800/- under protest to obtain the release order in Form GST MOV-05. |
| Impact on financial, operation or other activities | The Company has yet to receive the order in theForm GSTMOV-09andwill file an appeal for refund against the order before the appropriate Authority. The Company does not foresee any material impact on its financial or operational or other activities. |
| Explanation(s) for delay in disclosure | The Company has received formal notice from the Authority on 31 st March, 2026. |
Source:
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