Reliance Industries has received an order imposing a penalty of Rs. 57.07 crore related to service tax. The order, dated November 6, 2025, stems from a disagreement over the classification of import services for vessel hiring between July 1, 2017, and January 24, 2018. The company intends to appeal the order. The financial impact is limited to the penalty amount, with no anticipated impact on ongoing operations.
Penalty Order Received
Reliance Industries has been issued an order dated November 6, 2025, resulting in a penalty of Rs. 57.07 crore. This order was received from the Commissioner (Appeals), Central Goods and Services Tax, Appeal Commissionerate – Ahmedabad.
Details of the Order
The penalty relates to a difference in opinion regarding the classification of import services specifically related to the hiring of vessels on a time charter basis. The period under review spans from July 1, 2017, to January 24, 2018.
Company’s Response
Reliance Industries intends to file an appeal against this order. The company believes that the financial impact is limited to the penalty amount and expects no impact on its operations. The company received the order on November 12, 2025, at around 10:00 p.m. (IST).
Source: BSE