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Indo Euro Indchem addressed the delay in reporting a GST demand order, stating management reviewed the past issue internally. The Assistant Commissioner of Central GST has issued an order claiming the company fraudulently availed Input Tax Credit (ITC) of approximately Rs 0.11 Cr and levied a penalty of Rs 0.63 Cr. The total amount demanded is around Rs 0.74 Cr. The company plans to legally challenge this order, considering it a contingent liability with no impact on operations.