CEAT Limited wins appeal against Customs, Excise and Service Tax Appellate Tribunal order
CEAT Limited won its appeal against an order from the Customs, Excise and Service Tax Appellate Tribunal. The tribunal set aside a previous order that had imposed a fine of ₹77.68 lakh and a penalty of ₹18.00 lakh on the company concerning EPCG licenses. The favorable order was received on September 2, 2026.
While the appeal was won, the original order was related to specific licenses and the financial impact of the set-aside fine and penalty is not expected to significantly affect the company's overall operations or finances.
The company has won its appeal, leading to the setting aside of a previously imposed fine and penalty, which is a positive outcome.
CEAT Limited announced that it has received a favorable order from the Customs, Excise and Service Tax Appellate Tribunal, Mumbai. This order allows the company's appeal and sets aside a previous order passed by the Office of the Commissioner of Customs (Export).
The prior order, disclosed on June 2, 2025, had imposed a fine of ₹77.68 lakh and a penalty of ₹18.00 lakh on CEAT Limited in relation to EPCG licenses.
Following the earlier order, the company had filed an appeal. The Tribunal's decision to allow the appeal means the company has prevailed in this matter, with no violations or contraventions found to be committed or alleged.
The communication regarding this favorable order was received by the authorized officers on September 2, 2026. The company has stated that this outcome has no negative impact on its financial, operational, or other activities.
A plain-language summary of a public exchange filing by CEAT Limited. Read the original for the full detail.