Deepak nitrite Limited has informed stock exchanges about receiving a GST order from tax authorities in Vadodara, Gujarat, demanding recovery of ₹60.46 lakh including tax, interest, and penalty components. The company disclosed this development under regulatory compliance requirements on March 25, 2026.

GST Order Details

The Assistant Commissioner of State Tax, Unit-40, Vadodara, Gujarat passed the order dated March 7, 2026, which was received by the company on March 25, 2026. The order was issued under the Gujarat Goods and Service Tax Act, 2017, targeting alleged violations related to Input Tax Credit claims.

Nature of Alleged Violation

The GST authorities have raised demand for allegedly ineligible Input Tax Credit (ITC) claimed by the company for Financial Year 2019-20. The order challenges the company's ITC claims during that period, suggesting non-compliance with GST regulations.

Company's Response and Position

Deepak Nitrite has maintained its position that the Input Tax Credit was availed after following due process of law and complying with conditions set out under GST legislation. The company believes its ITC claims were legitimate and in accordance with regulatory requirements.

The company has indicated it is in the process of taking appropriate legal course of action against the said order. This legal challenge will target the recovery of tax, levy of interest, and penalty components imposed by the tax authorities.

Financial Impact Assessment

According to the company's disclosure, there will be no material financial impact except to the extent of the amounts mentioned in the GST order. The total demand of ₹60.46 lakh represents the quantifiable monetary impact on the company's operations at this stage.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing detailed information about the tax authority's action and the company's planned response to stakeholders.

The Directorate General of Trade Remedies (DGTR) has announced the imposition of anti-dumping duties on imports of Diamino Stilbene 2, 2 Disulphonic Acid (DASDA) from China. This regulatory action represents a significant development in India's trade protection measures for the chemical manufacturing sector.

Anti-Dumping Measure Details

The DGTR's decision to impose these duties stems from concerns about unfair trade practices involving DASDA imports from Chinese manufacturers. Anti-dumping duties are typically implemented when imported goods are sold at prices below their normal value in the exporting country, potentially harming domestic industry.

Impact on Domestic Chemical Industry

This protective measure is expected to benefit Indian chemical manufacturers who produce DASDA or compete in related market segments. Deepak Nitrite , among other domestic chemical companies, may find improved market conditions as a result of these duties.

Market Implications

The imposition of anti-dumping duties on DASDA imports could lead to:

• Enhanced competitiveness for domestic manufacturers
• Potential price stabilization in the Indian DASDA market
• Reduced dependency on Chinese imports for this chemical compound
• Strengthened position for Indian chemical companies in the specialty chemicals segment

Regulatory Framework

The DGTR operates under India's trade remedies framework, investigating cases of alleged dumping and recommending appropriate measures to protect domestic industry interests. This latest action demonstrates the government's commitment to supporting fair trade practices in the chemical sector.