PCBL Chemical Limited Faces Tax Penalty of ₹10.21 Crore
PCBL Chemical Limited announced on March 26, 2026, that it has received an order from the Office of Assistant Commissioner, State Tax Bhagwanpur, Haridwar, Uttarakhand, related to the detention of a vehicle. The order confirms a demand of ₹2,55,420 in penalty and ₹7,66,260 in fine, totaling ₹10.21 crore, under section 130 of the CGST Act, 2017.The penalty and fine stem from an address mismatch in a Tax Invoice and Eway Bill. According to the company's evaluation, the order is not expected to have a material impact on PCBL Chemical Limited's financial, operational, or other activities.
Details of the Order:
| Particulars | Information / Remarks |
|---|---|
| Name of the authority | Office of Assistant Commissioner, State Tax Bhagwanpur, Haridwar, Uttarakhand. |
| Nature and details of the action(s) taken, initiated or order(s) passed | Issuance of a Notice in MOV-10 dated 25-03- 2026 by the Ld. Officer above in connection with the detention of a vehicle enroute its movement confirming a demand of penalty of ₹2,55,420 and fine of ₹7,66,260 under section 130 of the CGST Act, 2017. |
| Date of receipt of notice, direction or order, including any ad-interim or interim orders, or any other communication from the authority | 25 th March, 2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | Imposition of Penalty and fine arising out of address mismatch in Tax Invoice and Eway Bill |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | As per Company's evaluation of the order issued, there is no material impact on the financial, operation or other activities of the Company |
Source:
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