Bharat Heavy Electricals Limited — Others, 29-04-2025: Action(s) taken or orders passed

Bharat Heavy Electricals Limited (BHEL) has received a demand order from the Visakhapatnam GST authorities, requiring payment of ₹0.99 crore related to non-payment of Central Excise Duty on freight and insurance, as well as incorrect Cenvat Credit claims. This total includes ₹0.29 crore in duty, ₹0.29 crore in penalty, and ₹0.42 crore in interest. BHEL plans to appeal the decision and does not anticipate a material impact on its financials or operations. This situation highlights a potential tax liability but suggests ongoing operational stability for the company.