General Announcement::Update on disclosure w.r.t. Order passed

Issuer & Securities

Issuer/ Manager
ULTRATECH CEMENT LIMITED
Securities
ULTRATECHUS$400M2.8%N310216A - US90403YAA73 - MTZB
ULTRATECHUS$400M2.8%N310216R - USY9048BAA18 - WQ5B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Aug-2024 21:54:37
Status
New
Announcement Sub Title
Update on disclosure w.r.t. Order passed
Announcement Reference
SG240806OTHROI5N
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary and Compliance Officer
Description (Please provide a detailed description of the event in the box below)
This is further to our letter dated 6th November, 2023 where we had intimated about an Order received from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnagar raising demand for GST of 1,14,87,546 together with interest and equivalent penalty for alleged non-payment of differential GST on royalty of mined limestone.

We would now like to inform you that the Appeal filed by the Company against the said Order has been allowed in full by the Office of the Commissioner (Appeals), GST & Central Excise, Rajkot and the impugned Order has been set aside. The Company has received a copy of the Order-in-Appeal today i.e. 6th August, 2024.

The above is for your information and record.

Attachments

Letter06082024.pdf
Total size =196K