The Ramco Cements Limited has announced a significant positive development regarding its ongoing material litigation. The original authority has officially dropped a disputed excise duty claim of Rs. 66.65 crores related to the levy on bagged cement. The company received the formal order on 18th May 2026. Furthermore, the company clarified that similar pending disputes currently amount to a significantly reduced total of Rs. 1.60 crores.
Resolution of Excise Duty Matter
The Ramco Cements Limited has received a favorable outcome in a long-standing legal matter. On 15th May 2026, the original authority issued an order dropping the demand for Rs. 66.65 crores, which had been previously disputed as excise duty based on the Maximum Retail Price (MRP) for bagged cement. This order was officially communicated to the company via email on 18th May 2026.
Updated Litigation Status
Following this successful resolution, the company has provided an update on the remaining liabilities associated with similar legal disputes. As of the latest assessment, the total value of ongoing disputes of a similar nature involving statutory authorities has decreased to Rs. 1.60 crores. This update aligns with the disclosures originally communicated on 14th August 2023, reflecting the company’s efforts to clarify its financial and legal standing with regulatory bodies.
Source: BSE
