PCBL Chemical Limited has disclosed the issuance of an order by the Assistant Commissioner, State Tax, Bhagwanpur, Haridwar, Uttarakhand. The order relates to the detention of a vehicle and confirms a demand for a penalty of ₹2,55,420 and a fine of ₹7,66,260 under Section 130 of the CGST Act, 2017. The action was initiated due to an alleged address mismatch between the Tax Invoice and the E-way Bill. The Company has evaluated the order and stated there is no material impact on its financial or operational activities.
Regulatory Disclosure on State Tax Action
PCBL Chemical Limited has formally informed the stock exchanges regarding an order received from the Office of the Assistant Commissioner, State Tax, Bhagwanpur, Haridwar, Uttarakhand, dated 25th March, 2026. This communication serves as a mandatory disclosure under relevant listing requirements.
Details of Penalty and Fine Imposed
The underlying issue stems from the detention of a company vehicle during transit. The subsequent order, issued via Notice in MOV-10 dated 25-03-2026, confirms the imposition of financial liabilities under Section 130 of the CGST Act, 2017. Specifically, the total demand comprises:
- A penalty amount of ₹2,55,420.
- A fine amount of ₹7,66,260.
The violation leading to this imposition is detailed as an address mismatch found between the Tax Invoice and the corresponding E-way Bill.
Assessed Business Impact
Following a thorough evaluation of the order issued by the tax authority, PCBL Chemical Limited has concluded that there is no material impact on the company’s overall financial position, ongoing operations, or other key activities that can be quantified in monetary terms at this time.
Source: BSE
