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TVS Srichakra Limited faces Rs 10.71 lakh penalty from Uttarakhand tax office over e-Way Bill issue
06-Oct-2026, 06:02

TVS Srichakra Limited announced that it received an order on October 5, 2026, from the Office of the State Tax Officer in Rudrapur, Uttarakhand, related to the detention of a vehicle transporting goods. The order stems from proceedings initiated due to an inadvertently rejected e-Way Bill, resulting in the movement of goods without a valid e-Way Bill. Consequently, the company has been assessed a penalty of Rs 10.71 lakh, and is currently evaluating legal remedies, including a potential appeal. TVS Srichakra Limited stated that it does not anticipate a material impact on its operations as a result of this order.