Rane Madras Receives Order for ₹12.23 Crore Tax Demand, Penalty, and Interest
Rane (Madras) Limited has received an order from the Additional Commissioner, Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate, levying a tax demand, pena...
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Why is Rane (Madras) Limited in the news today?
Rane (Madras) Limited (RML) is in the news due to the company has received a significant tax demand, penalty, and interest, which is a negative development.
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Rane Madras Receives Order for ₹12.23 Crore Tax Demand, Penalty, and Interest
December 30, 2025, 12:52 PM
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Rane (Madras) Limited has received an order from the Additional Commissioner, Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate, levying a tax demand, penalty, and interest. This order, received on December 29, 2025, pertains to the financial years 2018-19 to 2023-24.
The order relates to the excess/wrong availing of Input Tax Credit (ITC), short payment of tax, ITC availed on blocked credit, and other miscellaneous issues including job work procedures and applicability of Reverse Charge Mechanism (RCM).
The company has been levied a tax demand of ₹12.23 Crores, with an equivalent penalty and applicable interest. This is a reduction from the original show cause notice demand of ₹22.64 Crores, plus equivalent penalty and interest, which was communicated to the stock exchanges on July 01, 2025.
Rane (Madras) Limited intends to contest this order before the appropriate authority.
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