Swaraj Engines Limited — Others, 03-06-2025: Action(s) taken or orders passed

Swaraj Engines Limited faces a penalty demand of Rs 40.83 lakh from Punjab’s Excise & Taxation Department over excess VAT Input Tax Credit claimed on Oil & Lubricants purchases in FY2013-14. The company intends to appeal, anticipating a favorable resolution with no significant financial impact. This issue relates to past tax compliance and does not affect current operations or financial stability.