Shipping Corporation secures ₹146 crore relief as CESTAT rules in its favour on service tax dispute
In its latest decision, CESTAT dismissed the department’s appeal, paving the way for SCI to reduce approximately ₹146 crore from its contingent liabilities. This amount comprises the principal demand of ₹49.44 crore and interest of ₹96.56 crore calculated as of June 30, 2025. Shares of Shipping Corporation of India Ltd ended at ₹206.60, down by ₹1.85, or 0.89%, on the BSE.
In its latest decision, CESTAT dismissed the department’s appeal, paving the way for SCI to reduce approximately ₹146 crore from its contingent liabilities. This amount comprises the principal demand of ₹49.44 crore and interest of ₹96.56 crore calculated as of June 30, 2025. Shares of Shipping Corporation of India Ltd ended at ₹206.60, down by ₹1.85, or 0.89%, on the BSE.
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