Camlin Fine Sciences Receives Tax Order for ₹48.59 Lakh Demand
Camlin Fine Sciences Limited has received an Order in Original from the Assistant Commissioner, Office of the Asst./Dy. Commissioner of (CGST & Central Excise), Division -IV, Palghar Commissionerate. ...
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Why is Camlin Fine Sciences Limited in the news today?
Camlin Fine Sciences Limited (CAMLINFINE) is in the news due to the company has received a tax demand order, which is a negative development. however, the company has stated that there is no material impact on its financials and operations and it plans to appeal the order, which mitigates the immediate negative sentiment.
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Camlin Fine Sciences Receives Tax Order for ₹48.59 Lakh Demand
December 31, 2025, 09:19 AM
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More Details on This News
Camlin Fine Sciences Limited has received an Order in Original from the Assistant Commissioner, Office of the Asst./Dy. Commissioner of (CGST & Central Excise), Division -IV, Palghar Commissionerate. The order pertains to a demand for ineligible Input Tax Credit (ITC) amounting to ₹48,58,669 (CGST ₹22,61,630, SGST ₹22,61,630, IGST ₹3,35,409) under Section 74(9) of the CGST Act, 2017, along with corresponding MGST and IGST Acts.
The order also includes applicable interest under Section 50(1) of the CGST Act and a 50% penalty under Section 122(2)(b) of the CGST Act. The alleged violation relates to the short or no reversal of ITC for exempted, nil-rated, or non-GST supplies for the financial years 2018-19 and 2019-20, as reflected in GSTR-3B returns compared to GSTR-9.
The company received this order on December 30, 2025. Camlin Fine Sciences has stated that there is no material impact on its financial, operational, or other activities due to this intimation. The company has examined the order and is in the process of filing an appeal against it.
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