Vanshika verma | Mar 17, 2026 |
MRF Limited Wins Rs 221.31 crore Tax Dispute as CESTAT Allows Appeal on Excise Issue
MRF Limited, India’s largest tyre manufacturer and ranked among the top global producers, recently issued a disclosure to NSE Ltd and BSE Ltd regarding the favourable ruling in a Rs 221.31 crore excise duty dispute by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai.
Background of the Case
The case dates back to May 31, 2023, when the Commissioner of GST and Central Excise, Chennai, challenged the method MRF used to value its goods and issued a demand for additional excise duty.
MRF appealed the order before CESTAT in September 2023. After multiple hearings and delays, the matter was finally heard and reserved for judgement in late 2025.
On March 16, 2026, CESTAT delivered its final order, allowing MRF’s appeal and granting relief in its favour. This effectively cancels the earlier tax demand.
Company’s Disclosure Compliance
The above disclosure is made by the company under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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