MRF Limited announced the successful conclusion of a major tax dispute regarding the disallowance of valuation adopted for Goods and Service Tax and Central Excise duties. The appeal, initially challenging a demand of Rs 221.31 Crores, was heard by the Hon’ble CESTAT, Chennai. The final order, dated 16.03.2026, ruled in favor of MRF Limited, granting the company the consequential relief sought in the matter.
Resolution of Significant Tax Dispute
MRF Limited has informed stakeholders regarding the positive outcome of a significant ongoing material litigation. This matter concerned the disallowance by the Commissioner of Goods and Service Tax and Central Excise, Chennai, of the basis of valuation adopted by the Company. This resulted in a duty demand order valued at Rs 221.31 Crores, issued via Order-in-Original No. 26/2023 on 31.05.2023.
Appeal Process and Final Verdict
The Company had preferred an appeal against this demand before the Hon’ble Customs, Excise and Service Tax Appellate Tribunal [CESTAT], Chennai. The initial initiation of the dispute dates back to 31-05-2023. The appeal bearing Ref. No. E/40512/2023 was subsequently filed on 01.09.2023. Following multiple hearings, the matter was finally heard by the Hon’ble CESTAT, Chennai, on 16.03.2026.
The Hon’ble CESTAT, Chennai, issued its Final Order No. 40364/2026 on 16.03.2026, which was uploaded later the same day. As per this order, the Appeal stands allowed, providing MRF Limited with the full consequential relief sought in the proceedings.
Source: BSE
