Schneider Electric Infrastructure Limited's Penalty Reduced by ₹83.28 Lakhs in Rectification Order
Schneider Electric Infrastructure Limited's penalty for wrong Input Tax Credit in FY19-20 has been reduced by ₹83.28 Lakhs. The Rectification Order from Joint Commissioner, Vadodara, received on June 2, 2026, confirms the tax amount but significantly lowers the penalty. The company stated no material financial impact.
The company explicitly stated that there is no material impact on its financials, operations, or other activities, limiting the impact to the demand amount in the rectification order.
While the penalty reduction is positive, the core tax demand remains, and the overall financial impact is stated as not material, leading to a neutral sentiment.
Schneider Electric Infrastructure Limited (SEIL) has received a Rectification Order from the Joint Commissioner, Division-I Vadodara, CBIC, significantly reducing the penalty amount.
This order, received on June 2, 2026, pertains to the alleged wrong availment of Input Tax Credit for the financial year 2019-20. The penalty has been reduced by ₹8,328,696 (approximately ₹83.28 lakhs), while the tax amount remains unchanged as per the previous Appeal Order.
The revised demand includes ₹9,276,092 in tax, ₹947,396 in interest, and a reduced penalty. SEIL has stated that this rectification order will have no material impact on its financials, operations, or other activities, with the impact limited to the extent of the demand in the Rectification Order itself.
What to do with a filing like this
Schneider Electric Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Schneider Electric Infrastructure Limited. Read the original for the full detail.