Kokuyo Camlin Limited — Others, 25-07-2025: Action(s) initiated or orders passed

Kokuyo Camlin has received a favorable order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Chandigarh. CESTAT set aside an excise duty demand of approximately ₹7.9 Crores, which was related to a J&K area-based exemption claimed by its Samba manufacturing unit. This demand, previously disclosed as a contingent liability, is no longer enforceable. The matter has been remanded for fresh adjudication, meaning there is no current financial or operational impact. This outcome removes a potential liability for the company, benefiting shareholders.