Container Corporation of India received a GST demand order totaling ₹6.52 crore from the Joint Commissioner of State Tax in Mumbai on October 19, 2026. The notice pertains to the fiscal year 2019-20.

The demand comprises a base GST amount of ₹2.91 crore, a penalty of ₹0.34 crore, and interest of ₹3.26 crore. The order was issued by the Joint Commissioner of State Tax, (Appeals) IV, Bandra, Mumbai, following an appeal against a previous departmental order under Section 73 of the CGST Act.

Nature of Allegations and Financial Impact

The tax authority alleged several contraventions regarding Input Tax Credit (ITC) and tax payments. Specifically, the notice cites excess availment of ITC, short payment of tax, inadmissible ITC, and short reversal of ITC. These allegations formed the basis for the raised demand.

Despite the monetary value of the notice, Concor maintains that it has not committed any non-compliance. The company stated that there is no material impact on its financial position, operations, or other activities resulting from this order. Management is proceeding with appropriate actions, including filing an appeal against the decision.

Demand Breakdown

The following table details the components of the GST demand as disclosed in the regulatory filing:

Note: Interest constitutes approximately 50% of the total demand amount.

Regulatory Disclosure

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the information to both the Bombay Stock Exchange and the National Stock Exchange on October 21, 2026. The filing confirms that the company is actively addressing the matter through legal channels.

Container Corporation of India reported total physical throughput of 14.48 lakh TEUs in Q2FY27, a 0.53% rise YoY from 14.41 lakh TEUs in the year-ago period.

Throughput performance across periods

The company's half-year performance showed a stronger growth trajectory. H1FY27 throughput climbed 4.48% YoY to 28.53 lakh TEUs from 27.31 lakh TEUs in H1FY26, indicating broader volume momentum over the six-month period compared to the quarterly pace.

However, this 4.48% half-year growth rate remains well below the company's stated FY27 guidance of 18%, suggesting a significant acceleration in volumes is required in the second half of the fiscal year to meet the annual target.

The table below summarises throughput figures across both periods:

Segment-wise volume breakdown

A closer look at the segment-wise data reveals divergent trends within the total throughput. Domestic (DOM) volumes contributed significantly to the growth, rising 2.43% YoY to 3.56 lakh TEUs in Q2FY27 from 3.47 lakh TEUs in Q2FY26. In contrast, EXIM (Export-Import) volumes remained largely stagnant, recording a marginal decline of 0.07% YoY to 10.93 lakh TEUs from 10.93 lakh TEUs.

Over the first half of the fiscal year (H1FY27), EXIM volumes grew by 4.57% YoY to 21.62 lakh TEUs, while domestic volumes expanded by 4.22% YoY to 6.91 lakh TEUs. This suggests that while the half-year growth was balanced across segments, the second quarter saw a deceleration in EXIM activity compared to the robust H1 trend.

What the numbers show

The quarterly throughput growth of 0.53% YoY in Q2FY27 was modest relative to the 4.48% YoY expansion logged over H1FY27 as a whole. This divergence suggests that Q1FY27 carried a larger share of the half-year volume gain, with Q2FY27 contributing incremental growth to the cumulative tally.

Notably, the stagnation in EXIM volumes (-0.07% YoY) in Q2FY27 contrasts sharply with the strong 4.57% YoY growth recorded for EXIM over the entire H1FY27 period. This indicates that the bulk of the EXIM volume increase occurred in the first quarter, while the second quarter saw flat international trade activity. Meanwhile, domestic volumes continued to show steady positive momentum (+2.43% YoY), providing support to the overall throughput figure.

The gap between the current H1 run-rate of 4.48% and the 18% FY27 guidance highlights a substantial challenge for the remainder of the fiscal year. To achieve the annual target, Concor would need to nearly quadruple its growth pace in the second half, driven primarily by a recovery in EXIM volumes which have shown signs of deceleration in the latest quarter.