Tax Authorities Conclude Inspection at Acutaas Chemicals Ltd; No Material Impact Reported
Acutaas Chemicals Ltd, formerly Ami Organics Limited, confirmed that an inspection conducted by tax authorities regarding its operations in Surat, Gujarat, has been concluded. The inspection was related to compliance under the Central Goods and Services Tax Act, 2017.The search, which took place at the company’s Registered Office and manufacturing unit located in Sachin, Surat, Gujarat, concluded on June 23, 2026, around 10:45 a.m., as confirmed by the Additional Commissioner of Central Goods & Service Tax & Central Excise, Anti-evasion Department, Surat, Gujarat.
The purpose of the action was a search conducted under subsection (2) of Section 67 of the Central Goods and Services Tax Act, 2017. The company stated that it provided all necessary documents, clarifications, and details as requested by the authorities. Furthermore, no official document has been issued by the CGST department in relation to the inspection so far.
Regarding the outcome, Acutaas Chemicals Ltd reported that there is no material impact on the Company's financials, operations, or other activities resulting from the search and inspection.
The details of the compliance check are summarized below:
| Requirement | Authority Details | Findings |
|---|---|---|
| Authority Name | Additional Commissioner of Central Goods & Service Tax & Central Excise, Anti-evasion Department, Surat, Gujarat. | |
| Nature of Action | Search under subsection (2) of Section 67 of the Central Goods and Services Tax Act, 2017 at the Company's Registered Office and manufacturing unit in Sachin, Surat, Gujarat. | |
| Inspection Conclusion Date | June 23, 2026, around 10:45 a.m. | |
| Violation Details | The Company provided all necessary documents and clarifications as requested; no official document has been issued by the CGST department. | |
| Financial Impact | There is no material impact on the Company's financials or operations due to the inspection/search. |
ACUTAAS Stock Price Movement
Shares of Acutaas Chemicals Limited are edging higher to ₹3284 as of 11:25 AM, gaining 1.06% in live trading. The stock maintains strong interest with a traded volume reaching 140,165 shares during the current market session.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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