NewsCorporate ActionsTriveni Engineering Faces Rs 46.78 Crore Export Fee Demand on Denatured AlcoholTriveni Engineering Faces Rs 46.78 Crore Export Fee Demand on Denatured Alcohol
By ScanX News Team
Triveni Engineering & Industries Ltd. (TEIL) has received demands totaling Rs 46.78 crore for export fees on denatured alcohol from the Office of the Assistant Excise Commissioner. The demands cover the period from August 25, 2018, to June 30, 2025, following a Supreme Court order on October 23, 2024, which upheld state authority to regulate industrial alcohol. TEIL is contesting the matter through an Industry Association, with the latest communication received on July 23, 2025.
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Triveni Engineering & Industries Ltd. (TEIL) has disclosed receiving demands for export fees on denatured alcohol from the Office of the Assistant Excise Commissioner. The company, in a regulatory filing to the stock exchanges, revealed that these demands cover the period from August 25, 2018, to June 30, 2025.
Supreme Court Ruling and Its Impact
The demands follow a Supreme Court order dated October 23, 2024, which upheld the state's authority to regulate industrial alcohol. This ruling has paved the way for the excise department to seek export fees from companies dealing with denatured alcohol.
Financial Implications
TEIL has quantified the aggregate amount demanded at Rs 46.78 crore. This significant sum represents potential financial implications for the company, should it be required to pay the full amount.
| Demand Details | Amount |
|---|---|
| Export Fee | 46.78 |
Company's Response
Triveni Engineering is contesting the matter through an Industry Association. This approach suggests that TEIL is not alone in facing such demands and is collaborating with other industry players to address the issue.
Recent Developments
The latest letter from the excise department was received by Triveni Engineering on July 23, 2025. This recent communication indicates that the matter is ongoing and may continue to evolve.
Investor Considerations
While the company is contesting the demand, the potential liability of Rs 46.78 crore is substantial. Investors and stakeholders will likely be watching closely to see how this situation unfolds and its potential impact on Triveni Engineering's financial position.
The company's decision to disclose this information promptly, in line with SEBI regulations, demonstrates its commitment to transparency with its shareholders and the market at large. As the situation develops, further updates from the company or regulatory bodies may provide more clarity on the resolution of this matter.
Historical Stock Returns for Triveni Engineering & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.74% | -1.17% | -3.15% | -7.86% | -10.86% | +555.66% |
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