Grauer & Weil India Ltd. Receives Order Regarding Cenvat Credit and Penalties
Grauer & Weil (India) Limited announced on March 17, 2026, that it received an order from the Commissioner Appeals, CGST and Central Excise, Thane. The order pertains to an appeal filed by the company under Section 85(4) of the Finance Act, 1994.The Commissioner (Appeals) partially allowed and partially upheld the appeal. The company intends to file an appeal against the order.
The order, received on March 16, 2026, relates to alleged violations involving:
- Wrong availment and utilization of Cenvat Credit amounting to ₹11,71,712.
- Availment of Cenvat Credit of ₹1.19 Lacs after the lapse of a one-year period.
The order specifies a rejection of Cenvat credit of ₹11,71,712 and levies a penalty of the same amount. Grauer & Weil (India) Limited indicated that the financial impact of this order is limited to the aforementioned amount and does not significantly affect the company’s overall business operations.
| Sr. No. | Details of Events | Information of such events |
|---|---|---|
| 1 | Name of the Authority | Commissioner Appeals, CGST and Central Excise, Thane |
| 2 | Nature and details of the action(s) taken/orders passed | Appeal partially allowed and partially upheld; company to file further appeal |
| 3 | Date of receipt of direction or order | March 16, 2026 |
| 4 | Details of the violation(s)/contravention(s) | Wrong availment/utilization of Cenvat Credit of ₹11,71,712; Availment of Cenvat Credit of ₹1.19 Lacs after one year |
| 5 | Impact on financial, operational, or other activities | Rejection of Cenvat credit of ₹11,71,712, penalty of ₹11,71,712; no major impact on business |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: