Prism Johnson Limited has received an order dated February 25, 2026, from the Office of the Commissioner of Central Goods & Service Tax & Central Excise, Jabalpur, communicated via email on March 2, 2026. The order levies a penalty of ₹87,46,339/- under Rule 15 of the Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944. This penalty is for the alleged wrong availment of Cenvat Credit of Excise Duty during the period from October 2013 to November 2013. The company has stated its intention to file an appeal against this order. Prism Johnson Limited further clarified that the aforementioned penalty has no material impact on the company's financials, operations, or any other activities.
