APL Apollo Tubes Limited announced earlier letter dated March 7, 2024 intimating about the assessment order dated March 6, 2024 received from the State Tax Officer, Intelligence, Hosur, Tamil Nadu under Section 74 of the CGST Act, 2017 raising a total demand of INR 8,44,47,261/- (Including Tax: INR 2,92,10,398, Penalty: INR 2,92,10,398/- and Interest: INR 2,60,26,465/-) on the Company for the Fiscal Year 2019-20. In this regard wish to inform that in a writ petition filed by the Company against the said Order, the Hon'ble Madras High Court was pleased to pass an order dated April 10, 2024 setting aside the Order of the State Tax Officer and remanding back the matter to the said authority for re-consideration.