R R Kabel Limited has received an Order from the Office of the Joint Commissioner, Vadodara, Gujarat imposing a penalty u/s 73 of CGST Act, 2017 amounting to INR 31,740,107 for availing double benefit by claiming refund under wrong provision. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 13 March 2024; The Additional Commissioner, GST, Vadodara - I, Gujarat has issued an order for recovery of erroneously sanctioned refund amount of INR 317,401,073, under section 73 of CGST /GGST Act, along with appropriate interest on the above and a penalty of INR 31,740,107 on them under section 73(1) of the CGST Act read with section 122(a) of the said Act. Based on the Company's assessment, appropriate legal remedy will be availed and based on the opinion of the subject experts the company does not anticipate any material impact on the financials or operations of the Company.