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Cords Cable Industries Limited ( (IN:CORDSCABLE) ) has provided an announcement.
Cords Cable Industries Limited has received a demand order from the Assistant Commissioner of the CGST Division in Rajasthan, concerning an incorrect claim of input tax credit amounting to Rs. 38,26,180. The order includes a penalty of an equivalent amount under various sections of the CGST and IGST Acts. The company plans to appeal the order but notes that there is no material impact on its financial or operational activities.
More about Cords Cable Industries Limited
Cords Cable Industries Limited operates in the cable manufacturing industry, focusing on producing a wide range of cables for various industrial applications. The company is based in New Delhi, India, and serves both domestic and international markets.
Average Trading Volume: 2,879
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2.53B INR
For an in-depth examination of CORDSCABLE stock, go to TipRanks’ Overview page.