Camlin Fine Sciences Receives GST Order Demanding ₹47.08 Crore for Input Tax Credit Violations
Camlin Fine Sciences Limited has received an order from CGST & Central Excise authorities demanding ₹23.54 crore for ineligible Input Tax Credit claims, along with an equal penalty amount, totaling ₹47.08 crore plus interest. The violations span FY2019-20 to FY2022-23 and relate to ITC claims on trade payables outstanding beyond 180 days. The company maintains there is no material operational impact and plans to file an appeal against the order.
