JSW Cement Faces CGST & C.X. Haldia Commissionerate Order; Imposes Penalty of Rs. 6,88,81,340/-

JSW Cement Ltd. has disclosed an order passed by the Additional Commissioner, CGST & C.X. Haldia Commissionerate, imposing a penalty of Rs. 6,88,81,340/- for alleged suppression of facts and wrong availment of ITC. The company believes the order is incorrect and is in the process of filing an appeal. The financial impact is quantified at the demand and penalty amount, but the company states there is no material impact on its operations.