The VAT tribunal has by its order dated November 20, 2024 received on December 01, 2024 by the Bangladesh Branch of KEC International dismissed the appeal against the VAT demand raised in the order dated April 29, 2024 for the period July 2019 to June 2022.
The Customs, Excise & VAT Commissionerate, Dhaka (South) had issued a VAT demand order dated April 29, 2024, pertaining to the Bangladesh Branch of the KEC due to an alleged mismatch in financials and VAT return.
The appeal for the period July 2017 to June 2019 is pending before the tribunal.
KEC is pursuing the order and shall take appropriate legal steps to challenge the order in the High Court of Bangladesh.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
