Hindustan Tin Works Ltd Receives Order: Rs 1.6 Crore Tax and Interest Assessed on Goods Entry
Hindustan Tin Works Limited has received an order from the Excise & Taxation Officer-cum-Assessing Authority, Sonipat, concerning a tax assessment for the financial year 2015-16. The order, which was received by the company on July 3, 2026, mandates a specific payment of tax and associated interest related to the entry of goods into local areas.The order was passed under Section 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The assessment resulted in a total liability comprising the assessed tax and levied interest.
Details regarding the financial impact are summarized below:
| Component | Amount (INR) |
|---|---|
| Tax Assessed | Rs 80,22,413/- |
| Interest Levied | Rs 80,22,413/- |
| Total Liability | Rs 1,60,44,826/- |
The company indicated that there is no material impact on its operations or other activities due to the issuance of this order. Hindustan Tin Works Limited has stated that it reasonably expects a favourable outcome at the Appellate level and plans to challenge the said order before the relevant Appellate Authority within due course of time.
Stock Price Movement
Hindustan Tin Works Ltd. settled at ₹107.65 on Friday, gaining 2.18% in post-market trading. The shares moved through an intraday range, finding a low of ₹105.70 and peaking at an intraday high of ₹108.50.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.
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