ZF Commercial Vehicle Control Systems India Limited — Others, 12-02-2025: Action(s) taken or orders passed

ZF Commercial Vehicle Control Systems India Limited has received an order from the Commissioner of CGST & Central Excise for the recovery of excess or irregular Input Tax Credit (ITC) amounting to ₹17.9 million (IGST) plus ₹4,755 for CGST & SGST, along with a penalty of ₹1.79 million. The violations relate to ITC availed during 2020-21 concerning previous year transactions. The company will appeal this order, indicating no material impact on its financials or operations. Investor sentiment may remain stable given the company's proactive legal stance and the limited financial repercussions.