New Delhi
The Office of the Principal Commissioner of Customs, Ahmedabad, has passed an order levying a total fine and penalty of Rs 30 crore on Hindalco Industries.
Penalty imposed in relation to pre-import condition, which was applicable for a limited period, on import against Advance Authorization, the company said.
The management does not reasonably expect the said orders to have any material impact on the financials, operations or other activities of the company. The company prefers filing an appeal against the matter, and has strong cases on merit and law, Hindalco said.
Bajaj Electricals said it has received an order dated April 9, 2024, from the Office of the Assistant Commissioner of State Tax, Mohali, (GST Authority), involving an alleged tax demand (aggregating to Rs 1.32 crore) for FY 2018-19.
The company is currently exploring various legal options and necessary steps, including challenging the said order issued by the GST Authority before the relevant appellate authority. There is no impact on financial operations or any other activities of the company due to this order.
Honeywell Automation India said it received an order from the Department of Commercial Taxes, Vijayawada, Andhra Pradesh. The order received from the GST Authority on demand for the Financial Year 2017-18 to 2019-20 and 2021-22 along with interest and penalty.
