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The latest update is out from Akzo Nobel India Limited ( (IN:AKZOINDIA) ).
Akzo Nobel India Limited has received a demand order from the Service Tax Department in Mumbai related to pending litigation over Cenvat credit on service tax for Goods Transport Agency services. The demand order, which follows show cause notices from 2014, requires the company to pay a revised amount of Rs. 48,56,366, including tax, interest, and penalties. The company is currently preparing to respond to this order, which may impact its financial obligations and requires ongoing monitoring until resolution.
More about Akzo Nobel India Limited
Akzo Nobel India Limited operates in the chemical industry, primarily focusing on producing paints and coatings. The company is part of the global AkzoNobel group, which is a leading player in the paints and coatings market, serving various sectors including industrial, automotive, and consumer goods.
Average Trading Volume: 2,831
Technical Sentiment Signal: Strong Buy
Current Market Cap: 157.8B INR
For an in-depth examination of AKZOINDIA stock, go to TipRanks’ Overview page.