Prism Johnson Excise Duty Demand of Rs. 11.53 Crore Set Aside by Tribunal

Prism Johnson Limited ( (IN:PRSMJOHNSN) ) has shared an update. Prism Johnson Limited has announced that the Customs, Excise and Service Tax Appellate Tribunal in New Delhi has fully allowed its appeals against an earlier order from the Commissioner, Central Excise & Service Tax, Jabalpur that had confirmed an excise duty demand of Rs. 11.53 crore, including a penalty of Rs. 6.04 crore, on the company and an ex-employee. With the tribunal setting aside the entire tax demand and penalty, the company reports no adverse operational or financial impact from the dispute, removing a contingent liability and clarifying its regulatory position amid ongoing tax-related litigation disclosures under SEBI's listing and governance framework. More about Prism Johnson Limited Promotion 55% Off TipRanks Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Learn more about TipRanks Premium Prism Johnson Limited is a diversified Indian company with operations spanning cement, ready-mixed concrete, tiles and other building materials, serving infrastructure and construction markets across the country. The company is listed on the National Stock Exchange of India and BSE Limited, and is subject to Indian securities and disclosure regulations for its ongoing operations. Average Trading Volume: 78,372 Technical Sentiment Signal: Sell Current Market Cap: 55.95B INR For detailed information about PRSMJOHNSN stock, go to TipRanks' Stock Analysis page. This story was written using TipRanks's AI tools and reviewed by a TipRanks editor. Disclaimer & DisclosureReport an Issue