Details of the Action/Order
- Type of Order: Order in Appeal under section 107(11) of the CGST Act, 2017.
- Date of Receipt: 30 June 2026 at 10:00 a.m.
- Authority: Commissioner (Appeals).
- Outcome: The order was passed in favour of Bajaj Auto Limited. The Commissioner dropped the allegation of wilful suppression of non-reversal of Input Tax Credit (ITC) for the sale of MEIS (Merchandise Exports from India Scheme) scrips and set aside the original demand order.
- Original Demand Details: The original order was passed by the Superintendent, Range-I, Central Tax, Division I (Talegaon), Pune I Commissionerate. It was received on 30 January 2025 and pertained to the period from July 2017 to March 2020. The demand was for an amount of Rs. 74,818 along with applicable interest and an equal penalty of Rs. 74,818, resulting in a total quantifiable exposure of approximately Rs. 1.5 lakh.
Impact on the Company
The financial impact is explicitly stated. The favourable appellate order has set aside the entire original demand, which was quantifiable at Rs. 74,818 in tax, plus applicable interest, and a penalty of Rs. 74,818. Consequently, the company has no liability from this specific matter.
Parties Involved
- Regulatory Authority: Superintendent, Range-I, Central Tax, Division I (Talegaon), Pune I Commissionerate (issuer of original order).
- Appellate Authority: Commissioner (Appeals).
- Company Representative: The letter is signed by Rajiv Natvarlal Gandhi, Company Secretary & Compliance Officer (ACS 11263).