Chambal Fertilizers & Chemicals Limited — Others, 17-10-2024: Action(s) taken or orders passed

Chambal Fertilisers and Chemicals Limited disclosed that the Additional Commissioner, Central Excise & CGST Udaipur has imposed a penalty of ₹15.56 crore for disallowing transitional credit related to capital goods for FY 2017-18. The company asserts there will be no impact on its operations apart from the penalty amount and plans to challenge the order in appellate forums.