Torrent Pharmaceuticals has received an order imposing a penalty of ₹41.34 crore related to an alleged erroneous refund on export of goods. The order, dated November 26, 2025, was issued by the Joint Commissioner, Common Adjudicating Authority, Central GST. Torrent Pharma intends to file an appeal and anticipates a favorable outcome, expecting no material financial impact on the company.
Penalty Imposed
Torrent Pharmaceuticals has been issued an order under Section 74 of the Central Goods and Service Tax Act, 2017, imposing a penalty of ₹41,33,84,165. The order, dated November 26, 2025, was received on November 27, 2025.
Details of the Order
The order alleges erroneous refund by the Department on export of goods.
Company Response
Torrent Pharmaceuticals plans to file an appeal against the order. Based on their internal assessment, the company is optimistic about a favorable outcome. They currently do not anticipate that this order will have a significant financial impact on their operations. An appeal will be filed to contest the imposed penalty.
Source: BSE
