Prism Johnson anticipates a favorable outcome regarding an excise duty matter. An appeal was filed with the High Court concerning an order from January 10, 2025. The appeal, admitted by the High Court, relates to a demand and penalty previously set aside. The hearing is scheduled for February 23, 2026, and the company does not anticipate any material financial impact.
Update on Excise Duty Dispute
Prism Johnson has provided an update on a previously disclosed matter concerning service tax and excise duty. The dispute originated from an order dated January 10, 2025, issued by the Customs, Excise & Service Tax Appellate Tribunal (CESTAT). This order had set aside a demand and associated penalties.
Appeal by Authorities
Dissatisfied with the CESTAT order, the Commissioner CGST & Central Excise, Jabalpur, filed an appeal with the High Court of Madhya Pradesh, Principal Seat at Jabalpur, on July 21, 2025. The High Court admitted the appeal, and a notice was served to the company on January 23, 2026.
Hearing Date and Outlook
The hearing for the appeal is scheduled for February 23, 2026. Prism Johnson remains optimistic about a favorable outcome and does not foresee any significant financial repercussions arising from this matter.
Source: BSE
