Ramco Cements Resolves Excise Duty Dispute on Bagged Cement Levies
The Ramco Cements Ltd has announced the resolution of litigation concerning the disputed levy of Excise Duty based on MRP for bagged cement.The company confirmed that the matter pending before the Original Authority, which involved a disputed Excise Duty levy amounting to Rs. 1.60 crores, was dropped via an Order dated June 3, 2026. The resolution signifies the conclusion of this specific tax dispute related to the production and sale of bagged cement.
The outcome addresses one point raised in the company's previous disclosures regarding ongoing material litigations. With regard to its disclosure made on August 14, 2023, Ramco Cements stated that there are currently no other disputes of similar nature pending with statutory authorities.
RAMCOCEM Stock Price Movement
As of 11:18 AM, The Ramco Cements Limited shares are edging higher to ₹870.95, gaining ₹11.10 or 1.29% in live trading. The stock traded within a narrow intraday range of ₹853.5 to ₹873.25 amid active market participation.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.