Yasho Industries Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Yasho Industries Limited
Symbol
YASHO
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Yes
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
03-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.yashoindustries.com/annual-returns.html
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.yashoindustries.com/investor-meet.html
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.yashoindustries.com/newspaper-publications.html
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.yashoindustries.com/policies--codes.html
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.yashoindustries.com/policies--codes.html
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.yashoindustries.com/annual-reports.html
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.yashoindustries.com/credit-rating.html
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.yashoindustries.com/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.yashoindustries.com/policies--codes.html
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.yashoindustries.com/results.html
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.yashoindustries.com/policies--codes.html
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.yashoindustries.com/policies--codes.html
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.yashoindustries.com/shareholding-pattern.html
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.yashoindustries.com/disclosures-under-regulation-46-of-sebi-lodr.html
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.yashoindustries.com/disclosures-under-regulation-46-of-sebi-lodr.html
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.yashoindustries.com/contact-details-for-investor-grievances-iepf-material-eventsrta.html
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.yashoindustries.com/others.html
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.yashoindustries.com/disclosures-under-regulation-46-of-sebi-lodr.html
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.yashoindustries.com/investor-meet.html
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.yashoindustries.com/annual-secretarial-compliance-report.html
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE616Z01012
Market Capitalisation As Per Immediate Previous Financial Year
Top 2000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
Not Applicable
Name Of Signatory
Rupali Verma
Name Of Signatory Affirmations
Rupali Verma
Name Of Signatory For Annual Affirmations
Rupali Verma
Name Of Signatory For Quartely Affirmations
Rupali Verma
Name Of The Company
YASHO INDUSTRIES LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Mumbai
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
Not Applicable
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
COMZ00294
Scrip Code
541167
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
YASHO
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Yes
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
Yes
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrVINOD HARILAL JHAVERI******01655692Executive DirectorChairperson related to Promoter27-Feb-1939NoActiveNot Applicable09-Aug-200720-Feb-20211000
2MrPARAG VINOD JHAVERI******01257685Executive DirectorNot ApplicableCEO-MD16-Sep-1966NoActiveNot Applicable02-May-199020-Feb-20211010
3MrYAYESH VINOD JHAVERI******01257668Executive DirectorNot Applicable13-Apr-1971NoActiveNot Applicable04-Apr-199720-Feb-20211010
4MrPRAKASH MANOHAR BHATE******08739162Non-Executive - Independent DirectorNot Applicable07-Oct-1953NoActiveYes28-Jul-202519-May-202019-May-2025101120
5MrULLAL RAVINDRA BHAT******00008425Non-Executive - Independent DirectorNot Applicable14-Oct-1951NoActiveNot Applicable14-Sep-202114-Sep-2021542203
6MrANURAG SURANA******00006665Non-Executive - Independent DirectorNot Applicable22-Jan-1965NoActiveNot Applicable01-Oct-202101-Oct-2021544350
7MrsSUDHA PRAVIN NAVANDAR******02804964Non-Executive - Independent DirectorNot Applicable02-Nov-1966NoActiveNot Applicable06-Jun-202206-Jun-2022466673

Committee Disclosures

Entry CompComit122
Date of Appointment
20-Feb-2018
Entry CompComit123
Date of Appointment
20-Feb-2018
Entry CompComit124
Date of Appointment
20-Feb-2018
Entry CompComit125
Date of Appointment
22-Jun-2020
Entry CompComit126
Date of Appointment
01-Oct-2021
Entry CompComit14
Date of Appointment
11-Nov-2021
Entry CompComit15
Date of Appointment
22-Jun-2020
Entry CompComit16
Date of Appointment
09-Feb-2021
Entry CompComit17
Date of Appointment
01-Aug-2022
Entry CompComit18
Date of Appointment
02-May-2023
Entry CompComit41
Date of Appointment
08-Mar-2022
Entry CompComit42
Date of Appointment
22-Jun-2020
Entry CompComit43
Date of Appointment
07-Jun-2022
Entry CompComit44
Date of Appointment
14-May-2024
Entry CompComit68
Date of Appointment
14-Sep-2021
Entry CompComit69
Date of Appointment
22-Jun-2020
Entry CompComit70
Date of Appointment
20-Feb-2018
Entry CompComit71
Date of Appointment
01-Oct-2021
Entry CompComit95
Date of Appointment
30-Apr-2022
Entry CompComit96
Date of Appointment
30-Apr-2022
Entry CompComit97
Date of Appointment
30-Apr-2022
Entry CompComit98
Date of Appointment
30-Apr-2022
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.yashoindustries.com/board-of-directors--committee.html
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00008425
Member Name
ULLAL RAVINDRA BHAT
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08739162
Member Name
PRAKASH MANOHAR BHATE
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
01257668
Member Name
YAYESH VINOD JHAVERI
Position
Executive Director

Audit Committee

Additional Position
Member
Director DIN
02804964
Member Name
SUDHA PRAVIN NAVANDAR
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00006665
Member Name
ANURAG SURANA
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
01257685
Member Name
PARAG VINOD JHAVERI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
01655692
Member Name
VINOD HARILAL JHAVERI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
01257668
Member Name
YAYESH VINOD JHAVERI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
08739162
Member Name
PRAKASH MANOHAR BHATE
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00006665
Member Name
ANURAG SURANA
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00006665
Member Name
ANURAG SURANA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
08739162
Member Name
PRAKASH MANOHAR BHATE
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
02804964
Member Name
SUDHA PRAVIN NAVANDAR
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00008425
Member Name
ULLAL RAVINDRA BHAT
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00008425
Member Name
ULLAL RAVINDRA BHAT
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
01257685
Member Name
PARAG VINOD JHAVERI
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
01257668
Member Name
YAYESH VINOD JHAVERI
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00006665
Member Name
ANURAG SURANA
Position
Non-Executive - Independent Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00008425
Member Name
ULLAL RAVINDRA BHAT
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
08739162
Member Name
PRAKASH MANOHAR BHATE
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
01257685
Member Name
PARAG VINOD JHAVERI
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00006665
Member Name
ANURAG SURANA
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
06-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
12-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
97
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
06-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
97
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
5
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
5
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.yashoindustries.com/contact-details-for-investor-grievances-iepf-material-eventsrta.html
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.yashoindustries.com/contact-details-for-investor-grievances-iepf-material-eventsrta.html
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Yes
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
NA during the quarter under review
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
The company has filed an appeal against the order on 28/12/2022 and the commissioner has remanded back the order to the Jt. Commissioner Surat's office for revisiting the case in light of recent Judgements from Supreme Court and Gujarat High Court. We have filed an detailed submission to the AO and awaiting further response from them. Also, on the same matter the company has filed writ with Bombay HC challenging the vires of the notification under dispute and the same was pronounced in favour of the company vide order Dt 11/09/2025.
Date of Initiation
11-Nov-2020
Opposing Party
Commissioner Appeal, CGST Surat
Status (Previous Disclosure)
We received a show cause notice from Directorate of Revenue Intelligence (DRI), Kolkata Unit, stating wrong availment of IGST refund on export benefit of Rs. 34,45,97,088/- and sought the reply of the company on the same. On 23/05/2022, company filed its reply to the show-cause denying all allegations and rectifying the quantum of alleged liability as per DRI should be Rs 33,68,27,914/-. After doing the hearings, taking on record our submissions, the DRI passed its order confirming the above demand on 20/09/2022 received to us on 19/10/2022. We filed an appeal against the said order on 28/12/2022 and the Commissioner Appeals remanded back the order to the file of Jt. Commr. vide letter Dt. 26/05/2025. For which a detailed compilation was filed before the AO on Dt. 10/06/2025. Awaiting further instructions from the AO. The company has also filed a writ petition in Bombay High Court for stay on recoveries and to cancel the proceedings on 15/03/2021, and the same was pronounced in favour of the company vide order Dt 11/09/2025.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
The Commissioner of Customs has passed order confirming the demand and we have filed our appeal before the GSTAT (Tribunal), hearing date is awaited.
Date of Initiation
13-Oct-2020
Opposing Party
Commissioner of Customs (Adjudication), Mumbai
Status (Previous Disclosure)
A Show Cause Notice was received from Directorate of Revenue Intelligence (DRI) Dt 13/10/2020 in respect of exemption from payment of IGST availed on the basis of Advanced Authorisation and pre-import conditions under the Customs Act and the Foreign Trade Policy. The DRI determined the amount of Rs. 8,22,26,562/- as IGST saved on imports during the FY 2017-18 and FY 2018-19 as being recoverable. As the issue has already been decided in favor of the company by the Gujarat HC and the SC has also pronounced to reverify claims on case-to-case basis. The Supreme court has passed the order on 28/04/2023 upholding the vires of the customs notification and directed the officer to reverify claims on case-to-case basis. The Commissioner of Customs has passed order confirming the demand and we have filed our appeal before the GSTAT (Tribunal), hearing date is awaited.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
The company has filed its appeal in the CESTAT and the issue stands pending till date. The company expects the outcome to be positive as all the dues were duly paid and the penalty has no grounds to stand on. Hence, no provision is made for the same in the books.
Date of Initiation
12-Jun-2017
Opposing Party
Commissioner of Customs (General), Mumbai
Status (Previous Disclosure)
There was a dispute with the import of goods from customs with regards to the declaration of goods made by the company during the FY 2014-15. The same was accepted and all the import duty dues were paid in full by the company. Vide customs order Dt 28/03/2018 the customs have further levied penalty on the said dues, which remains in dispute. The company has filed its appeal in the CESTAT and the issue stands pending till date. The company expects the outcome to be positive as all the dues were duly paid and the penalty has no grounds to stand on. Hence, no provision is made for the same in the books.
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Reason For Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity
NA during the quarter under review
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
No