RR Kabel has received a penalty of ₹1,01,70,919 from the Assistant Commissioner of Central GST & Central Excise, Division-VII, Vadodara-I, related to alleged irregularities in the supply of goods without actual movement. The company intends to appeal the order. This financial penalty may have an impact on the company’s financials.
Penalty Related to Supply Issues
RR Kabel Limited faces a penalty amounting to ₹1,01,70,919 imposed by the Assistant Commissioner of Central GST & Central Excise, Division-VII, Vadodara-I. The penalty was communicated through an order dated January 30, 2026.
Reason for the Penalty
The penalty is related to allegations that the company supplied goods without actual movement. The order has been issued in connection with a contravention under section 122(1) (ii) of the CGST Act, 2017, read with the IGST Act, 2017, for the matter pertaining to supply of goods.
Company’s Response
RR Kabel has stated its intention to file an appeal against the order. The company is taking steps to address the issues raised in the penalty order and protect its interests.
Financial Implications
The expected financial implications on the listed company is ₹1,01,70,919. Other than the payment of penalty amount(s), there is no other impact on the financial, operational or other activities of the company.
Source: BSE
