SRF Limited Faces Demand Order for Tax Credit Disallowance
SRF Limited announced that it received a demand order from the Additional Commissioner of CGST and Central Excise- Chennai North Commissionerate on March 30, 2026. The order pertains to the disallowance of certain CENVAT credit claimed by the company for the period spanning 2005 to 2011.The tax authority has issued a demand order for Rs. 1,03,10,343, accompanied by an equivalent amount of penalty and applicable interest. The department alleges that SRF Limited improperly availed CENVAT credit during the specified period.
SRF Limited is currently reviewing the order and intends to pursue legal remedies by filing an appeal. Management anticipates that the financial impact will be limited to the disclosed amount and does not foresee any other material adverse effects on the company’s operations or financial activities.
| Detail | Information |
|---|---|
| Authority | Additional Commissioner of CGST and Central Excise- Chennai North Commissionerate |
| Order Details | Demand order for Rs. 1,03,10,343 plus penalty and interest |
| Date of Order | March 30, 2026 |
| Period of Disallowed Credit | 2005 - 2011 |
| Anticipated Impact | Limited to the disclosed amount |
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