Radaan Mediaworks India Limited has intimated the stock exchanges under Regulation 30 of SEBI LODR Regulations regarding receipt of a favorable final order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai.
The company received the certified copy of the order on September 7, 2026. The final order (No. FO/ST/A/40963–40965/2026-ST[DB] dated August 21, 2026) was issued by CESTAT's Regional Bench Court No. I, Chennai, and was received from the CESTAT Registry on August 28, 2026.
The order pertains to Service Tax Appeal Nos. 41915 to 41917 of 2017 filed by the company. The tribunal allowed all three appeals and set aside the impugned Order-in-Original No. CHN-SVTAX-002-COM-45 to 47/2016-2017 dated March 24, 2017, which was passed by the Commissioner of Service Tax-II, Chennai.
The case involved the denial of CENVAT credit on telecast fees paid to television channels for the period from October 2012 to December 2015 under three Statements of Demand (Nos. 04/2015, 61/2015 and 55/2016-C(ST-2)). The department had alleged that telecast fees were not eligible input services.
The tribunal held that telecast fees qualify as eligible input services under Rule 2(l) of CENVAT Credit Rules, 2004 for providing output services of 'Sale of Space or Time for Advertisement', following precedent orders in the company's own cases.
The quantum of claim/demand involved was ₹5,32,43,696 in CENVAT credit disallowance and recovery demand, comprising three amounts: ₹1,58,82,476; ₹1,59,45,636; and ₹2,14,15,584, along with applicable interest and penalties.
The financial impact is positive as the entire demand of CENVAT credit of ₹5,32,43,696, along with applicable interest and penalties, stands completely set aside with consequential relief. There is no adverse operational or financial impact on the company.