Tata Consultancy Services Limited has received an order passed by the Joint Commissioner, Central Tax, Bengaluru - North Commissionerate. Nature and details of the action(s) taken, initiated or order(s) passed: Order received from Authority disallowing Cenvat credit of Service Tax along with interest under Rule 14 of Cenvat Credit Rules 2004 read with Section 75 of the Finance Act, 1994 and levying a penalty under Rule 15(3) of Cenvat Credit Rules, 2004 and Section 77(2) and 78 of the Finance Act, 1994. Details of the violation(s) /contravention(s) committed or alleged to be committed: The Company has received the order from Authority levying penalty of INR 92,84,325/- under Rule 15(3) of Cenvat Credit Rules, 2004 read with section 78 of the Finance Act 1994 and levying penalty of INR 10,000/- under Section 77(2) of the Finance Act, 1994, alleging disallowance of Cenvat Credit availed and utilized during the period October 2008 to September 2013.