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Huhtamaki India Limited has disclosed the reinstatement of a tax demand and penalty totaling ₹1.49 crore as a result of an order from the Commissioner Appeals – CGST & Central Excise. This action pertains to alleged irregularities in GST credit availment from July 2017 to March 2018. While there is no immediate impact on the company's operations, management is evaluating the possibility of appealing the order. This development may create a cautious sentiment among investors as they assess potential risks linked to tax compliance and regulatory challenges.