Speciality Restaurants Ltd. Wins Customs Tribunal Case, ₹7.87 Crore Demand Set Aside
Speciality Restaurants Limited has won a legal battle at CESTAT, Mumbai. The tribunal set aside a demand of ₹7.87 crore related to alleged non-reversal of CENVAT Credit for the period August 2012 to March 2015. The company had appealed an order dated October 31, 2018.
The outcome of the litigation resolves a significant financial demand, which is material for the company, but it does not directly impact ongoing operations or future revenue streams.
The company has won a significant litigation case, leading to the setting aside of a substantial demand, which is a positive outcome.
Speciality Restaurants Limited announced a significant legal victory with the Hon'ble Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, setting aside an order that had confirmed demands totaling ₹7.87 crore against the company.
This development is in continuation of a prior disclosure made on February 23, 2016, regarding a show cause-cum-demand notice dated February 18, 2016. This notice, received by the company on February 22, 2016, was issued by the Commissioner of Service Tax, Audit III, Mumbai. It alleged that for the period between August 2012 and March 2015, the company had failed to reverse CENVAT Credit as per the rules.
The company had appealed an order dated October 31, 2018, which was the impugned order in this matter. The Hon'ble CESTAT, in its order dated July 15, 2026, found no merits in the impugned order concerning the confirmed demands and has thus allowed the appeal in favor of Speciality Restaurants Limited, setting aside the order.
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Speciality Restaurants 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 Speciality Restaurants Limited. Read the original for the full detail.