LXCHEM Receives Order from CGST & Central Excise, Raigad
The demand of ₹ 30.30 crores plus interest and penalty represents a potentially significant financial liability, although the company intends to appeal.
The announcement discusses an unfavorable order received by the company, resulting in a demand of ₹ 30.30 crores along with interest and penalty.
* Laxmi Organic Industries received an Order In Original dated August 22, 2025, from the Office of the Commissioner of CGST & Central Excise, Raigad, received via email on August 28, 2025. * The order disallows certain ITC credits availed by the company. * The order specifies a demand of ₹ 30.30 crores, along with applicable interest and an equivalent penalty. * The company believes the claim is not sustainable and is in the process of filing an appeal.
What to do with a filing like this
Laxmi Organic Industries Limited filed this with the NSE as a statutory disclosure, categorised under legal. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Laxmi Organic Industries Limited. Read the original for the full detail.