Nuvoco Vistas Corp. Ltd. Receives Order Regarding Show Cause Notice
Nuvoco Vistas Corporation Ltd. announced today, March 28, 2026, that the Joint Commissioner, CGST & Central Excise, Raipur, has passed an order concerning a show cause notice issued to the company. The notice relates to the period spanning from fiscal year 2019-20 to September 2024 of fiscal year 2024-25.The adjudicating authority partially accepted the company’s contentions while reiterating allegations regarding invoicing by Carrying and Forwarding Agents (C&FAs) appointed by Nuvoco, alleging the invoices were issued without a corresponding supply of cement. The authority based the order on assumptions of inadequate supply by C&FAs due to typographical errors in vehicle number data entry.
The revised tax demand amounts to Rs. 34.92 crores, coupled with a penalty of Rs. 69.84 crores, totaling Rs. 104.76 crores.
The company intends to challenge the order through appropriate legal channels and maintains that the demand and penalty lack legal basis and will ultimately have no financial impact. The company is in the process of reviewing the order and preparing to challenge it.
A summary of the order details is presented below:
| Detail | Information |
|---|---|
| Opposing Party | Joint Commissioner, CGST & Central Excise, Raipur |
| Litigation Forum | The Company proposes to challenge this order before appropriate forum based on legal advice. |
| Dispute Details | Allegations of invoicing by C&FAs without supply of cement, based on assumed errors in data entry. |
| Revised Tax Demand & Penalty | Rs. 34.92 crores and Rs. 69.84 crores, respectively. |
| Expected Financial Implications | The company believes the order is unsustainable and will ultimately have no financial impact. |
| Quantum of Claims | N/A |
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