The refund claim was made on account of input tax credit (ITC) accumulated under the inverted duty structure. Notably, a portion of the claim amounting to ₹29.78 lakh has been rejected by the authority on the grounds of ineligible ITC. Shares of Escorts Kubota Ltd ended at ₹3,615.75, up by ₹215.35 or 6.33%, on the BSE today (August 18).
