Commissioner (Appeal), CGST & Central Excise, Vadodara rejected appeal of Deepak Phenolics Ltd (DPL), Deepak Nitrite's wholly owned subsidiary.
Order demands recovery of ineligible ITC of ₹2.15 crore and imposes equal penalty of ₹2.15 crore plus applicable interest.
DPL intends to contest the order before the relevant appellate authority under GST Law; no material financial impact beyond stated amounts.