Ramco Cements Updates Litigation Status on Outward Freight Credit After Ruling by Original Authority
The Ramco Cements Ltd has provided an update regarding its litigation concerning the Disallowance of CENVAT Credit on Outward Freight. The company reported that its appeal before CESTAT related to the disputed credit amount of Rs. 2.33 crores was set aside and subsequently remanded to the Original Authority in January 2026.The matter, which was heard by the Original Authority following the remand, concluded with a favorable outcome for the company. The authority allowed an amount of Rs. 2.13 crores in favor of Ramco Cements Ltd. However, a demand was raised for the remaining balance amounting to Rs. 0.20 crores. This official order was received by the company on June 12, 2026.
In response to this development, The Ramco Cements Ltd confirmed its intention to file an appeal before CESTAT concerning the disallowed amount of Rs. 0.20 crores.
The company also provided broader context on similar disputes pending across various statutory authorities. As of June 13, 2026, these ongoing matters stand at a total value of Rs. 2.58 crores.
RAMCOCEM Stock Price Movement
On Friday, The Ramco Cements Limited shares edged higher, settling at ₹880.6 after gaining 2.94%. Despite the stock seeing a robust volume of 312,755 shares traded in the session, it had previously plunged down to its 52-week low of ₹838.3.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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