Ramco Cements: Excise Duty Dispute of ₹66.65 Crore Dropped
Ramco Cements announced that the disputed levy of excise duty based on MRP for bagged cement amounting to ₹66.65 crore has been dropped by the Original Authority vide order dated 15 May 2026, and the order was received on 18 May 2026. Disputes of similar nature pending with statutory authorities currently stand at ₹1.60 crore.
The dropping of a substantial excise duty claim has a moderately positive impact on the company's financial outlook.
The announcement indicates a favorable resolution of a significant excise duty dispute, which is a positive development for the company.
The Ramco Cements Limited announced an update on ongoing litigations, specifically regarding the levy of excise duty based on MRP for bagged cement. The matter, which involved a disputed levy of excise duty amounting to ₹66.65 crore, was pending before the Original Authority. The company informed that the authority has dropped the case vide order dated 15 May 2026. The order was received by the company through e-mail on 18 May 2026 at 16:49 PM.
Furthermore, the company disclosed that disputes of similar nature, which are pending with statutory authorities and were included in their letter dated 14 August 2023, currently stand at ₹1.60 crore.
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The Ramco Cements Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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 The Ramco Cements Limited. Read the original for the full detail.