Ramco Cements wins partial relief in CENVAT credit dispute

1 min read     Updated on 13 Jun 2026, 12:18 PM
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AI Summary

The Ramco Cements Limited announced that the Original Authority allowed Rs.2.13 crores in a CENVAT credit dispute following a CESTAT remand. The company will appeal the remaining demand of Rs.0.20 crores. Total pending disputes of a similar nature amount to Rs.2.58 crores.

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Ramco Cements has secured a partial victory in its litigation regarding the disallowance of CENVAT credit on outward freight. The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) remanded the matter to the Original Authority, which subsequently allowed Rs.2.13 crores in the company's favour. This development reduces the immediate financial liability associated with the specific dispute involving Rs.2.33 crores.

The Original Authority passed final orders following the remand, accepting the majority of the claim while raising a demand for the balance amount of Rs.0.20 crores. The company received the order via email on June 12, 2026, at 15:08 Hrs. Management stated that it intends to file an appeal before CESTAT regarding the disallowed sum of Rs.0.20 crores to further contest the liability.

Status of Pending Litigations

Beyond this specific case, Ramco Cements faces ongoing disputes of a similar nature with various statutory authorities. The aggregate value of these pending matters, which were previously disclosed on August 14, 2023, stands at Rs.2.58 crores as of the current date.

Financial Impact of Disputes

Dispute Category Amount (₹) Status
Disputed CENVAT Credit (Original) 2.33 crores Remanded by CESTAT (Order dated Jan 16, 2026)
Amount Allowed 2.13 crores Order in favour of company
Balance Disallowed 0.20 crores Demand raised; appeal to be filed
Total Pending Similar Disputes 2.58 crores Pending with statutory authorities

Historical Stock Returns for Ramco Cements

1 Day5 Days1 Month6 Months1 Year5 Years
-0.57%+4.03%-0.73%-16.80%-14.24%-13.31%

How will the resolution of this case influence the outcome of the pending Rs.2.58 crores in similar disputes?

What is the expected timeline for the appeal against the disallowed Rs.0.20 crores, and what are the chances of a favorable ruling?

Could this partial victory set a precedent for other companies in the cement industry facing similar CENVAT credit disputes?

Ramco Cements resolves excise duty dispute of Rs.1.60 crores

0 min read     Updated on 05 Jun 2026, 04:20 AM
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AI Summary

The Ramco Cements Limited has resolved an excise duty dispute of Rs.1.60 crores concerning MRP-based levies for bagged cement after the Original Authority dropped the matter on June 3, 2026. The company confirmed no similar disputes are pending with statutory authorities.

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The Ramco Cements Limited has successfully resolved a litigation concerning the levy of excise duty based on the Maximum Retail Price (MRP) for bagged cement. The Original Authority has dropped the matter, which involved a disputed amount of Rs.1.60 crores, through an order issued on June 3, 2026. This resolution removes a financial uncertainty for the company regarding its tax liabilities.

The company received the order via email on June 3, 2026, at 17:41 Hrs. This development pertains to a specific point (c) detailed in the Annexure of the company's previous disclosure regarding ongoing material litigations dated August 14, 2023. The withdrawal of the case signifies a favorable outcome for the cement manufacturer.

Following this resolution, The Ramco Cements Limited confirmed that there are no disputes of a similar nature currently pending with statutory authorities. This clarification indicates that the company has cleared its immediate backlog regarding excise duty disputes related to MRP-based levies for bagged cement.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update provides transparency to shareholders regarding the status of material legal proceedings and their financial implications.

Historical Stock Returns for Ramco Cements

1 Day5 Days1 Month6 Months1 Year5 Years
-0.57%+4.03%-0.73%-16.80%-14.24%-13.31%

How will the resolution of this litigation impact Ramco Cements' financial provisions and profitability in the upcoming fiscal year?

Will the company reinvest the savings from this legal victory into capacity expansion or debt reduction?

Does this resolution set a precedent for other cement manufacturers facing similar excise duty disputes?

More News on Ramco Cements

1 Year Returns:-14.24%