Hitachi Energy India Limited — Others, 08-08-2025: Action(s) taken or orders passed

Hitachi Energy India has received an order from the GST Authority demanding an alleged erroneous refund. The order seeks GST of Rs 22.97 Cr and a penalty of Rs 2.30 Cr, relating to an export refund from October 2020 to June 2021, citing unproduced E-BRC/FIRC during the refund application. The company believes this demand is arbitrary and unjustified. It plans to file an appeal with the Appellate Authority within the permissible timeline to challenge the order, mitigating the immediate financial impact for shareholders.