26-Jun-2026 21:13:45
TATA STEEL : DISCLOSURE ON ADJUDICATION ORDER
• Company received Adjudication Order from Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand on December 18, 2025. • Order directs payment of tax amounting to ₹493,35,47,131, penalty of ₹638,82,62,185 and interest. • Adjudicating Authority dropped penalty amount of ₹368,72,21,158 earlier proposed in SCN. • Company filed a Writ Petition on March 11, 2026, challenging the Order before the Hon'ble High Court of Jharkhand. • Hon'ble High Court granted stay on further proceedings until next hearing. • Department filed an appeal on June 16, 2026, against the dropped penalty amount. • Company believes it has a good case on merit and will contest the appeal. • No impact on financial, operational, or other activities of the Company. Impact: Neutral (No financial impact stated, company to contest appeals on tax/penalty)
Tata Steel Limited
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