Key Quantitative Figures
The order, dated June 23, 2026, reduces a previously levied penalty from ₹36,14,39,671 (Thirty-Six Crore Fourteen Lakh Thirty-Nine Thousand Six Hundred Seventy-One Rupees) to ₹7,57,41,389 (Seven Crore Fifty-Seven Lakh Forty-One Thousand Three Hundred Eighty-Nine Rupees). The order also includes tax and interest as applicable. The maximum quantifiable financial impact is stated to be to the extent of this tax, interest, and penalty levied.
Dates of Action
The order was passed on June 23, 2026. It was received by the company on June 24, 2026, at 10:27 a.m.
Parties or Entities Involved
The order was issued by the Commissioner, CGST & Central Excise Commissionerate, Belapur. The recipient is Tata Teleservices (Maharashtra) Limited (TTML).
Purpose or Stated Rationale
The order was passed under Section 73 of the Finance Act, 1994. It pertains to the alleged irregular or ineligible availment of Cenvat Credit by the company during the financial years 2009-10, 2010-11, and 2011-12.
Financial or Operational Impact
The disclosure states the maximum financial impact is to the extent of the tax, interest, and penalty levied, which is quantified as the reduced penalty of ₹7.57 crore plus applicable tax and interest. The company does not agree with the order.
Company's Stance and Forward Action
The company explicitly states that it does not agree with the order and will take appropriate action(s) in response to it.