Eimco Elecon (India) Limited informed about the pending litigations/disputes in accordance with sub-paragraph 8 of paragraph B of Schedule III to the Listing Regulations read with the proviso to Regulation 30(4)(i)(d) of the Listing regulations which were considered as material by the Company as per the revised materiality criterion. Respondent: Joint Commissioner, Central Excise and Customs and Service tax, Anand. Filed before: CESTAT, Tribunal Ahmedabad Appeal No.

E/11989/2016-DB. Amount: INR 2,750,858. The Company had filed appeal against Commissioner appeals order dated 05.08.2016 for penalty on for excise duty paid by company on FOR freight invoices.

At the time of Audit had paid Excise duty on for sales Freight INR 27,50,858/- along with interest INR 1,050,633/- for the period 2009-2010 to 2013-2014 vide GAR-7 Challan No. 00022880105201400253 Dated 01.05.2014 & Service tax P-11 E.No. 108 dt.01.05.2014 & GAR-7 Challan No.

00022881405201400109 Dt. 14.05.2014. The Company to as clearing goods on FOR basis and they were collecting transportation charges from respectiove buyers and were showing the same separately in the Sales invoices.

And the Company had not included the freight charges in their assessable value during period 2010-11 to Dec-2013. CESTAT, Appeal is allowed vide Order No. 10719/2024 dated: 01.04.2024 and the freight amounts is not includable in the assessable value of the goods for charing excise duty.

Expected Financial Implications: INR 3,801,491 (Incl. Interest paid of INR 1,050,633).