PCBL Limited announced that an order has been issued by the Joint Commissioner, CGST, Kolkata confirming a demand of INR 70,237 as tax along with applicable interest and penalty of INR 40,000 during the period April 2018 to March 2019. The Company shall challenge the said Order by preferring an appeal before the Appellate Authority within the prescribed time limit and reasonably expects a favorable order to be passed by the said authority considering the case merits. Name of the Authority: Joint Commissioner, CGST & Central Excise, Kolkata North Commissionerate.

Nature and details of the action(s) taken, initiated or order(s) passed: Issuance of an order-in-original towards confirming demand of tax of INR 70,237 along with applicable interest and penalty of INR 40,000 in terms of Section 73(9) of the CGST/WBGST Act, 2017 read with the corresponding provisions of IGST Act, 2017. Date of receipt of notice, direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 30, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Incorrect availment of the input tax credit during the period April 2018 to March 2019.