Shipping Corporation Of India Limited — Others, 14-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Shipping Corporation of India (SCI) has received a favorable order from CESTAT, Mumbai, regarding a service tax dispute over demurrage income. An appeal filed by the Department against an earlier positive ruling for SCI has been dismissed. This decision is expected to reduce the company's contingent liability by approximately Rs 146 crore, which includes a principal demand of Rs 49.44 crore and interest of Rs 96.56 crore. This resolution positively impacts SCI's financial position by settling a significant outstanding claim.