Rane Madras Receives Tax Demand Order of ₹0.39 Cr Plus Penalty
Rane (Madras) Limited has received an order from the Additional Commissioner, Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The order levies a tax dem...
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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 an order for tax demand, interest, and penalty, which has a negative financial implication.
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Rane Madras Receives Tax Demand Order of ₹0.39 Cr Plus Penalty
December 31, 2025, 02:45 PM
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More Details on This News
Rane (Madras) Limited has received an order from the Additional Commissioner, Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The order levies a tax demand, interest, and penalty related to the non-reversal of Input Tax Credit (ITC) for the Financial Year 2021-22.
The company was initially issued a show cause notice on September 30, 2025, for a demand of ₹2.39 Crores. Subsequently, on December 31, 2025, the received order specifies a tax demand of ₹0.39 Crores with applicable interest and a penalty of ₹0.04 Crores.
Rane (Madras) Limited has stated that they will contest this order before the appropriate authority. The company has provided these details in compliance with Regulation 30 of SEBI LODR.
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