Container of India (CONCOR) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

CONCOR disclosed a material litigation update regarding a silver theft case pending at CESTAT (Customs, Excise & Service Tax Appellate Tribunal) since 2019. The claim amount has been reduced from ₹82.59 crores to ₹1.45 crores, reflecting Customs duty demand on alleged short cargo. The cargo consignee (State Trading Corporation) has not filed claims against CONCOR, and CONCOR's appeal challenging the Customs duty order filed on 30.5.2022 remains pending.

2 Announcement ⚠️ Negative 📄 PDF

CONCOR disclosed a GST demand notice from Ahmedabad tax authorities for FY 2020-21 totaling ₹16.67 crores (demand of ₹8.80 crores, penalty of ₹0.88 crores, and interest of ₹6.99 crores). The company alleges incorrect Input Tax Credit utilization and short tax payment. CONCOR internally assessed no excess credit was availed and states no material operational impact, with appeals being filed.

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About Container Corporation of India Limited (CONCOR)

Services · Transport Services · Listed on NSE

Market Cap: ₹39,512.74 Cr P/E: 30.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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