Rajasthan Tube Manufacturing Company Ltd — Important, 28-11-2025: Company Update

Rajasthan Tube Manufacturing Company Limited has received a favorable ruling in its tax appeal. The Commissioner (Appeals) has cancelled a prior order that imposed a demand of Rs. 4,89,53,335 (4.90 Cr) in Input Tax Credit (ITC), interest, and penalties on the company, its three associated trading firms, and key personnel. The appeal authority determined that physical goods were always available with the manufacturer, and the ITC was legitimately processed without any fraudulent diversion or loss to the government. This decision removes a substantial tax liability and related penalties for the company.