Blue Dart Express subsidiary Blue Dart Aviation Ltd (BDAL) has received significant relief in a major goods and services tax (GST) matter, with authorities substantially dropping a large demand that was raised against the company.

GST Adjudication Order Details

The office of the Commissioner of GST & Central Excise passed an adjudication order on December 30, 2025, addressing a show-cause-cum-demand notice covering the period from April 2021 to March 2023. The company received the order via email on December 31, 2025.

Substantial Relief for Blue Dart Aviation

Following detailed submissions by BDAL, the adjudicating authority set aside the bulk of the proposed demand. Of the total amount raised, demands aggregating to ₹420.14 crores were dropped, largely linked to issues relating to the determination of place of supply and availment of input tax credit.

The authority confirmed only a smaller demand of ₹64.98 lakhs towards input tax credit on materials written off in the company's books of accounts, along with interest of ₹41.72 lakhs and a penalty of ₹6.49 lakhs.

Company's Response and Resolution

BDAL has voluntarily accepted and discharged the confirmed tax and interest amounts to bring closure to the matter and avoid prolonged litigation. The order also formally disposed of the show-cause notice issued by the Chennai South Commissionerate.

The company stated it does not expect the outcome of the adjudication to have any material impact on its financials, operations or other business activities. This resolution represents a favourable outcome for the logistics service provider, with the vast majority of the original demand being set aside by the tax authorities.

Market Performance

Shares of Blue Dart Express ended marginally lower on Wednesday, December 31, by 0.23% at ₹5,530.00 on the NSE, showing minimal market reaction to the positive GST resolution news.

Blue Dart Express Limited , a leading South Asian express air and integrated transportation company, has been honored with the prestigious Golden Peacock Award for Excellence in Corporate Governance. The award was presented at the London Global Convention organized by the Institute of Directors, India, highlighting Blue Dart's commitment to transparency, accountability, and ethical conduct in its business operations.

Award Ceremony Highlights

The award was presented at the Annual London Global Convention on Corporate Governance & Sustainability-Global Business Meet. The event was graced by several distinguished guests, including:

• Mr. N. Chandrababu Naidu, Hon'ble Chief Minister of Andhra Pradesh, India
• Sir Chris Bryant, MP, Hon'ble Minister of State at the Department for Business and Trade, Government of the United Kingdom
• His Excellency Vikram Doraiswami, IFS, Indian High Commissioner to the United Kingdom
• Mr. Chanchal Kumar, IAS, Secretary, Ministry of Development of North Eastern Region, Government of India
• The Baroness Verma, Global Chair, Advisory Council, Institute of Directors (IOD), India

Corporate Governance at Blue Dart

Blue Dart's success in securing this award can be attributed to its robust legal and compliance architecture. Tushar Gunderia, Head - Legal & Compliance and Company Secretary, has played a crucial role in aligning the company's practices with evolving regulatory environments while safeguarding stakeholder interests.

Balfour Manuel, Managing Director of Blue Dart, emphasized the importance of good governance, stating, "Good governance sits at the core of our licence to operate and grow. The Golden Peacock Award for Excellence in Corporate Governance is a valued acknowledgment of our commitment to strong governance, compliance and legal standards that support our business and build long-term trust with customers, investors, regulators and partners."

About Blue Dart Express Ltd.

Blue Dart Express Ltd. is a premier express air and integrated transportation & distribution company in South Asia. As part of DHL Group's DHL eCommerce division, the company offers:

• Secure and reliable delivery to over 56,000+ locations in India
• Access to an extensive global network covering over 220 countries and territories
• A wide range of services including air express, freight forwarding, supply chain solutions, and customs clearance

The company's commitment to excellence has earned it numerous accolades, including:

• Recognition as one of 'India's Best Companies to Work For' by The Great Place to Work® Institute, India
• Ranking among 'Best Multinational Workplaces in Asia' by The Great Place to Work® Institute, Asia
• Voted a 'Superbrand' and 'Reader's Digest Most Trusted Brand'
• Listed in Fortune 500's 'India's Largest Corporations' and Forbes 'India's Super 50 Companies'

Blue Dart's dedication to Diversity and Inclusion has also led to its recognition as one of India's 'Best Workplaces for Women' in 2021 and 'Best Organisations for Women' in 2022 by the Economic Times.

This latest accolade further solidifies Blue Dart's position as a trusted leader in the logistics sector, combining operational excellence and innovation with a strong foundation of ethical and legal practices.