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Corporation of India Limited2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseCompany has not acquired shares or voting rights in any Unlisted Company during Quarter 3 of Financial Year 2024-25.falseNo fine or penalty has been imposed on SCI during the quarter ended 31.12.2024.truetrueTop 500 listed entitiestrues00232OriginalBinesh Kumar Tyagi is Director wef 07 Jan 21 and is CMD wef 03 Sept 22 CI Acharya is suspended from post of DF wef 07 Mar 24 MoPSW vide letter dt 13Nov24 conveyed approval for entrustment of addl charge of DF to AtulUbale D BnT for 11Nov24 to 06Mar25 or until further orders whichever is earlier and subject to approval of ACC In terms of MoPSW letter dated 13Nov24 read with earlier letters issued in this regard and as intimated to exchanges AtulUbaleDBnT holds addl charge of DF wef 7Mar24 ACC approved extension of tenure of Atul ubale as D BnT wef 11Nov24 till the date of his superannuation 30Jun25, or until further orders, whichever is earlier As per MoPSW letter dt 22Nov21on the subject Appointment of Non-Official lndependent Director on the Board of SCl, the tenure of three years of the five Non-Official Independent Directors on SCI Board completed on 21Nov24 and thus all IDs ceased to be on SCI Board wef 22Nov24truefalseMrBINESH KUMAR TYAGI08966904Executive DirectorChairpersonMD1970-11-04falseActiveNA2021-01-072022-09-032000MrATUL UBALE08630613Executive DirectorNot Applicable1965-06-14falseActiveNA2019-12-052024-11-112010MrVIKRAM DINGLEY09515547Executive DirectorNot Applicable1966-05-13falseActiveNA2022-05-191010MrCHIRAYU INDRADEO ACHARYA09611434Executive DirectorNot Applicable1966-03-21falseActiveNA2022-06-131000MrMANJIT SINGH SAINI10111633Executive DirectorNot Applicable1965-01-02falseActiveNA2023-07-052000MrJASWINDER SINGH10104264Executive DirectorNot Applicable1968-09-15falseActiveNA2023-12-291010MrRAJESH KUMAR SINHA05351383Non-Executive - Nominee DirectorNot Applicable1966-03-27falseActiveNA2022-11-103000MrRAJU LAKSHMANAN06908182Non-Executive - Nominee DirectorNot Applicable1980-07-23falseActiveNA2024-06-131000MrGULABBHAI LAKHUBHAI ROHIT08916645Non-Executive - Independent DirectorNot Applicable1969-05-04falseActiveNA2021-11-222021-11-222024-11-2236.011111Tenure CompletionMrSHREEKANT TEJAPPA PATTAR09427418Non-Executive - Independent DirectorNot Applicable1976-06-01falseActiveNA2021-12-072021-12-072024-11-2235.161110Tenure CompletionMrKALLA N P CHAKRAVARTHY09427415Non-Executive - Independent DirectorNot Applicable1975-07-05falseActiveNA2021-12-072021-12-072024-11-2235.161111Tenure CompletionMrANIL KUMAR MISRA09427416Non-Executive - Independent DirectorNot Applicable1966-06-25falseActiveNA2021-12-072021-12-072024-11-2235.161110Tenure CompletionMsARUNIMA DWIVEDI09427417Non-Executive - Independent DirectorNot Applicable1970-03-08falseActiveNA2021-12-072021-12-072024-11-2235.161110Tenure CompletiontruetruetruetruetrueAudit Committee08916645GULABBHAI LAKHUBHAI ROHITNon-Executive - Independent DirectorChairperson2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Gulabbhai Lakhubhai Rohit on SCI Board completed on 21Nov2024 therefore he ceased to be chairman of Audit Commitee from 22Nov2024Audit Committee08630613ATUL UBALEExecutive DirectorMember2019-12-05Audit Committee09427416ANIL KUMAR MISRANon-Executive - Independent DirectorMember2022-10-212024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Anil Kumar Misra on SCI Board completed on 21Nov2024 therefore he ceased to be member of Audit Commitee from 22Nov2024Audit Committee09427417ARUNIMA DWIVEDINon-Executive - Independent DirectorMember2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Ms. Arunima Dwivedi on SCI Board completed on 21Nov2024 therefore she ceased to be member of Audit Commitee from 22Nov2024Nomination and remuneration committee09427416ANIL KUMAR MISRANon-Executive - Independent DirectorChairperson2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Anil Kumar Misra on SCI Board completed on 21Nov2024 therefore he ceased to be chairman of NRC Commitee from 22Nov2024Nomination and remuneration committee09427418SHREEKANT TEJAPPA PATTARNon-Executive - Independent DirectorMember2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Shreekant Pattar on SCI Board completed on 21Nov2024 therefore He ceased to be member of NRC Commitee from 22Nov2024Nomination and remuneration committee09427417ARUNIMA DWIVEDINon-Executive - Independent DirectorMember2022-04-212024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Ms Arunima Dwivedi on SCI Board completed on 21Nov2024 therefore she ceased to be member of NRC Commitee from 22Nov2024Nomination and remuneration committee09427415KALLA N P CHAKRAVARTHYNon-Executive - Independent DirectorMember2022-04-212024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Kalla NP Chakavarthy on SCI Board completed on 21Nov2024 therefore He ceased to be member of NRC Commitee from 22Nov2024Nomination and remuneration committee06908182RAJU LAKSHMANANNon-Executive - Nominee DirectorMember2024-06-13Stakeholders Relationship Committee09427415KALLA N P CHAKRAVARTHYNon-Executive - Independent DirectorChairperson2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Kalla NP Chakavarthy on SCI Board completed on 21Nov2024 therefore He ceased to be chairperson of SRC from 22Nov2024Stakeholders Relationship Committee09515547VIKRAM DINGLEYExecutive DirectorMember2022-05-19Stakeholders Relationship Committee09427418SHREEKANT TEJAPPA PATTARNon-Executive - Independent DirectorMember2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Shreekant Pattar on SCI Board completed on 21Nov2024 therefore He ceased to be member of SRC from 22Nov2024Stakeholders Relationship Committee10104264JASWINDER SINGHExecutive DirectorMember2023-12-29Risk Management Committee09427417ARUNIMA DWIVEDINon-Executive - Independent DirectorChairperson2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Ms Arunima Dwivedi on SCI Board completed on 21Nov2024 therefore She ceased to be Chairperson of RMC from 22Nov2024Risk Management Committee09611434CHIRAYU INDRADEO ACHARYAExecutive DirectorMember2022-06-13Shri C I Acharya erstwhile DF by virtue of him holding post of DF was a member of RMC In accordance with Ministry letter dated 07 Mar 2024 disciplinary proceeding against Shri Chirayu lndradeo Acharya is contemplated He has been placed under suspension from the post of Director Finance with immediate effect He ceased to be member of RMC Committee wef 07 Mar 2024Risk Management Committee10111633MANJIT SINGH SAINIExecutive DirectorMember2023-07-05Risk Management Committee09515547VIKRAM DINGLEYExecutive DirectorMember2022-05-19Risk Management Committee08630613ATUL UBALEExecutive DirectorMember2019-12-05In terms of MoPSW letter dated 13 Nov 2024 read with earlier letters issued in this regard and as intimated to stock exchanges from time to time Atul Ubale Director (BnT) hold additional charge of Director (Finance) wef 7 Mar 2024 Atul Ubale Director B&T was also a member of RMC by virtue of holding additional charge of Director Finance.Risk Management Committee10104264JASWINDER SINGHExecutive DirectorMember2023-12-29Risk Management Committee99999999MEENA KARAYIHOD(IT)Member2023-06-01Meena Karayi is HOD of IT Dept wef 01 June 2023 She does not hold DINCorporate Social Responsibility Committee08966904BINESH KUMAR TYAGIExecutive DirectorChairperson2022-09-03Corporate Social Responsibility Committee09427415KALLA N P CHAKRAVARTHYNon-Executive - Independent DirectorMember2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on the Board of SCl, tenure of Mr. Kalla NP Chakavarthy on SCI Board completed on 21Nov2024 therefore He ceased to be member of CSR from 22Nov2024Corporate Social Responsibility Committee09427416ANIL KUMAR MISRANon-Executive - Independent DirectorMember2021-12-172024-11-22As per MoPSW letter dt 22Nov21 on the subject Appointment of Non-Official lndependent Director on he Board of SCl, tenure of Mr. Anil Kumar Misra on SCI Board completed on 21Nov2024 therefore He ceased to be member of CSR from 22Nov2024Corporate Social Responsibility Committee09515547VIKRAM DINGLEYExecutive DirectorMember2022-08-05Corporate Social Responsibility Committee10111633MANJIT SINGH SAINIExecutive DirectorMember2023-07-052024-07-24true131252024-08-0915true131252024-11-0890true13125Audit Committee2024-08-09true4430Audit Committee2024-11-0890true4430Corporate Social Responsibility Committee2024-08-08true5520Corporate Social Responsibility Committee2024-11-0790true5520Stakeholders Relationship Committee2024-11-07true4420Nomination and remuneration committee2024-11-07true5540falsefalsefalsefalseNotruetruetrueSCI is Navratna PSU hence the Company is coordinating with Competent Authority for appointment of requisite number of IDs on SCI Board and proposal for said appointment is under active consideration of Competent Authority As on 31 Dec 24 there are 8 Directors on SCI Board which comprises of 6 Functional Directors including 1 CMD 2 Non Official Part time Govt Nominee Directors One out of 6 Functional Director Shri C I Acharya is suspended wef 07 Mar 24Swapnita Vikas YadavCompany Secretary and Compliance OfficerfalseSwapnita Vikas YadavCompany Secretary and Compliance OfficerMumbai2025-01-2800000The terms SCI or "Company" wherever used shall mean The Shipping Corporation of India Ltd.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2017-05-04Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4182.92 lakhs (including penalty) plus applicable Interest Order dtd 23.11.2016 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2009 to Sept,2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited. Appeal was filed and hearing is awaited.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2021-09-28Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 1012.84 lakhs (including penalty) plus applicable Interest Order dtd 21.06.2021 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2015 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited.Appeal was filed and hearing is awaited.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2016-11-24Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 3128.96 lakhs (including penalty) plus applicable Interest Order dtd 31.08.2016 received in the matter of non inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2009 to Sept,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.After hearing on 24.10.2024, order has been reserved.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2021-07-08Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 402.67 lakhs (including penalty) plus applicable Interest Order dtd 24.03.2021 received in the matter of non-inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2014 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal was filed and hearing is awaited.Commissioner of CGST & Central Excise, Mumbai Vs SCI 2017-02-10Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4944.54 lakhs plus applicable Interest Order dated 03.10.2016 was received in favour of the Company for the period July, 2012 to Sept,2015 in the matter of service tax to be levied on Demurrage Income. The Department has filed appeal against the said order. Similar matter of different period of Rs 2416.51 lakhs is kept in abeyance by the department till this appeal attains finality.The matter was heard on 04.11.2024 and this matter has been kept for further hearing on 13.02.2025, inter alia, directing the Ld. authorized representative to file an application for change of name of petitioner in the cause title in the subject appeal.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 2017-03-30Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 38393.73 lakhs (including penalty) plus applicable Interest Order dated 29.11.2016 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2009 to Sep,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.The matter was heard on on 23.01.2025. Hon'ble bench has allowed the application and direction was given to the registry to change the name of the respondent in the cause title in the subject appeal. The Hon'ble Bench has kept the matter for further hearing on 06.02.2025.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 2021-05-05Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 8194.67 lakhs (including penalty) plus applicable Interest Order dated 12.02.2021 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2014 to Sep, 2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.Appeal was filed and hearing is awaited.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 2022-08-12Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 7396.66 lakhs (including penalty) plus applicable Interest Order dated 18.05.2022 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2015 to June, 2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.Appeal was filed and hearing is awaited.SCI Vs Principal Commissioner of CGST & Central Excise, Mumbai2023-07-25Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 17386.80 lakhs (Penalty) Penalty order dated 26.04.2023 received in the matter of reversal of Cenvat credit under Rule 6(3) for the period October 2009 to Sep,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal was filed and hearing is awaited.SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2016-10-26Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 34000.95 lakhs (including penalty) plus applicable Interest Order dated 26.07.2016 received in the matter non payment of service tax on income earned from Joint Ventures for the services provided for the period April 2009 to March 2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.On 13.12.2024, the departmental special counsel sought for an adjournment. The next date of hearing is 24.01.2025. SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai2021-03-12Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 537.55 lakhs (including penalty) plus applicable Interest Order dated 08.12.2020 received in the matter non payment of service tax on income earned from Joint Ventures for the services provided for the period April 2015 to June 2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.Appeal was filed and hearing is awaited.Income Tax Department Vs SCI2014-11-10Name of the Court/Tribunal/Agency where litigation is filed - Bombay High Court Amount involved/ claimed, if any - Rs. 9820 Lakhs The department filed appeal challenging ITAT's order favoring SCI regarding TDS deduction u/s 195 on payment of Time Charter Hire to Non Residents and/ or applying 44B provisions to time charter payments to foreign ship owners. This matter is pertaining to Financial Year 2003-04 to 2005-06.The case was admitted in earlier year by the Hon'able Court and further hearing awaited.SCI Vs Income Tax Department2018-01-25Name of the Court/Tribunal/Agency where litigation is filed - CIT(A) Amount involved/ claimed, if any & Expected financial implications, if any - Rs 4991 Lakhs The Company filed appeal in the matter of treatment of Sundry Receipts taxed as Business income, adjustment to turnover from core shipping for calculating excess income from incidental shipping resulting in increase in assessable income, disallowance of administrative expenses claimed against incidental shipping & Income from other sources (Interest and Dividend), income from rescindment of contract taxed as other Income, prior Period taxed as Business Income etc. This matter is pertaining to Financial Year 2014-15.Appeal was filed and hearing is awaited.Income Tax Department Vs SCI2023-11-22Name of the Court/Tribunal/Agency where litigation is filed - Bombay High Court Amount involved/ claimed, if any & Expected financial implications, if any - Rs. 9389 Lakhs SCI received intimation on 28th November 2023 from the Income Tax department of filing of an appeal with Hon'able High Court challenging ITAT's order favoring SCI regarding Prior period adjustments, Additions made to sundry receipts, Adjusting turnover from core shipping by reducing sundry receipts and profit on sale of ships, Interest income forms part of core activity, THC receivable, Excess Provision written back, Reimbursment of overhead managed vessels included in core activity. This matter is pertaining to Financial Year 2007-08.Hearing is awaited.SCI Vs Deputy Commissioner of State Tax, (MUMBAI-LTU-520), LTU-2, Mumbai [Department Of Goods and Service Tax, Government of Maharashtra ] 2024-04-30Name of the Court/Tribunal/Agency where litigation is filed - Joint Commissioner of State Tax (Appeal) The Company has received order dated 30th April 2024 confirming demand of Rs 76,19,89,910/ - (including tax component of Rs 34,85,77,270 /- plus interest & penalty) under Section 73 of the GST Act. The said demand is on account of Mismatch of Input Tax Credit (ITC) with GSTR-2A.Appeal was filed and hearing is awaited.SCI Vs Deputy Commissioner of State Tax, (Bandra-West_502:Santacruz :Mumbai_North_West), [Department Of Goods and Service Tax, Government of Maharashtra ] 2024-08-28Name of the Court/Tribunal/Agency where litigation is filed - Joint Commissioner of State Tax (Appeal) The Company has received order dated 28th August 2024 under Section 73 of the MGST Act, 2017, & CGST Act, 2017. As per given order, the total demand of Rs 1,60,37,35,973.00/- (including tax component of Rs 77,66,21,740 /- plus interest & penalty) has been raised which is mainly on account of Mismatch of Input Tax Credit (ITC) with GSTR-2A and Difference in Turnover reported in GST returns.Appeal was filed and hearing is awaited.