Timex Group India Limited has received an appellate order (Form GST APL-04) from the Additional Commissioner, Appellate Authority, CBIC, Chandigarh, pertaining to an order-in-appeal dated February 10, 2026, issued by the Office of the Commissioner (Appeals), Central Goods & Services Tax Appeals Commissionerate, Chandigarh. The order was received by the company on May 12, 2026, and relates to a matter that has been remanded back for reassessment against Order No. 07/GST/AC/Div Baddi/2024-25 dated July 30, 2024, passed by the Assistant Commissioner, CGST Division, Baddi. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in reference to its earlier letters dated January 3, 2024, August 1, 2024, and February 18, 2026.
Appellate Authority Partially Allows Appeal
The Appellate Authority has partially allowed the appeal in favour of Timex Group India Limited, resulting in a significant reduction of the GST demand. The final demand raised against the company now stands at INR 10,04,471/-, compared to the total disputed amount of INR 56,70,750/-. The following table summarises the key details of the appellate order:
| Parameter: | Details |
| Authority: | Additional Commissioner, Appellate Authority, CBIC, Chandigarh |
| Order Type: | Form GST APL-04 |
| Order-in-Appeal Date: | February 10, 2026 |
| Date of Receipt: | May 12, 2026 |
| Total Disputed Amount: | INR 56,70,750/- |
| Reduced Demand Payable: | INR 10,04,471/- |
| Penalty: | INR 1,00,447/- |
| Interest: | Applicable, if any |
Financial and Operational Impact
The financial impact on Timex Group India Limited as a result of this order includes a GST amount of INR 10,04,471/- along with a penalty of INR 1,00,447/- and interest, if any. The company is currently assessing the full impact of the order with the assistance of legal counsel and is in the process of filing an appropriate response to the concerned authority. The disclosure was made by Dhiraj Kumar Maggo, Vice President-Legal, HR & Company Secretary of the company.
