Archive · 12 Dec 2025
Suzlon Energy Penalty Reduced to Nil
Suzlon Energy is a company that makes green energy stuff.
They had to pay a big fine of Rs 21.92 crore a few years ago.
But now, a court called the Customs Excise & Service Tax Appellate Tribunal said they don't have to pay that fine anymore.
The court said this because Suzlon Energy argued that the fine wasn't fair and that the time limit for giving the fine had passed.
The company's shares are worth Rs 52.06 now, and the company is worth Rs 71,386 crore in total.
The shares have gone down by 30% from their highest price this year, which was Rs 74.30.
Suzlon Energy's penalty of Rs 21.92 crore reduced to Nil by Customs Excise & Service Tax Appellate Tribunal.
Penalty was imposed for service tax under Design Service on transactions from 2007-2011.
Company's shares closed at Rs 52.06 with a market cap of Rs 71,386 crore.
Shares have lost 30% from their 52-week high of Rs 74.30 on May 30, 2025.
Company's appeals were accepted on grounds of merits and time limitation.
- Who
- Suzlon Energy
- What
- Penalty reduced to Nil by Customs Excise & Service Tax Appellate Tribunal
- When
- Order issued on December 10, 2025
- Where
- Mumbai, India
- Why
- Company disputed the levy on merits and limitation
- Company
- Suzlon Energy
- Penalty Reduced From
- Rs 21.92 crore
- Penalty Reduced To
- Nil
- Period of Transactions
- 2007-2011
- Previous Share Price
- Rs 52.06
- Market Cap
- Rs 71,386 crore
- 52-Week High
- Rs 74.30 (May 30, 2025)
- Current Loss from High
- 30%