Castrol Wins ₹4,131 Cr Tax Case

  Published 1 year ago

Castrol India wins ₹4,131 crore tax dispute as CESTAT rules in its favor, rejecting MSTD's appeals on MVAT claims.

  • The dispute involved tax on goods moved from Maharashtra to other states; Castrol maintained that no prior customer orders were involved.
  • No financial impact expected as no provision was made; favorable rulings existed from the MVAT Tribunal for all years.
  • Castrol posted 8% profit rise to ₹233 crore on ₹1,422 crore revenue in Q1 CY25, driven by strong operations.

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