Disclosure Under Regulation 30 of SEBI Listing Regulations
Jubilant Ingrevia Limited (Scrip Code: 543271, NSE Symbol: JUBLINGREA) has disclosed receipt of a favorable order from the Commissioner Central Goods and Service Tax (Appeals), Meerut.
Nature of the Event
The company received a favorable appellate order dated May 26, 2026, which was received by the company on June 8, 2026. This order sets aside a service tax demand that had been previously confirmed by the Assistant Commissioner, CGST, Division Bijnor.
Details of the Original Demand
The disputed demand was for Service Tax on Ocean Freight for the financial year 2017-18, comprising:
- Basic tax of ₹36,04,971/- under reverse charge mechanism
- Penalty of ₹36,04,971/-
- Applicable interest
Appellate Order Details
The Commissioner, Central Goods and Service Tax (Appeals), Meerut passed order in appeal no. EXCUS/000/APPL-MRT/06/2026-27, allowing the company's appeal against the service tax demand. The order completely sets aside the entire demand of tax, penalty, and interest.
Financial Impact
The order has a positive financial impact as it removes the contingent liability of the above-stated amounts from the company's books. The total quantifiable impact is the removal of:
- ₹36,04,971 in basic tax liability
- ₹36,04,971 in penalty liability
- All applicable interest amounts
Document Availability
The complete document has been posted on the company's website at www.jubilantingrevia.com.