Legal27 March 2026 at 05:21 pm
Uno Minda Ltd Subsidiary Faces Rs. 51,13,58,188/- Penalty Order for CTH/HSN Misclassification
AI Summary
Uno Minda Ltd announced that its subsidiary, Minda Westport Technologies Limited (MWTL), has received a penalty order from The Principal Commissioner of Customs (ICD Patparganj), New Delhi. The order is regarding the CTH/HSN misclassification of imported components used in the manufacturing of parts for the vehicle CNG systems. MWTL has been demanded to pay Rs. 25,56,79,094/- as tax and Rs. 25,56,79,094/- as penalty, along with applicable interest. However, MWTL disagrees with the findings and plans to file an appeal. The company does not foresee any material impact on its financial or operational activities due to this order.
Key Highlights
- Uno Minda Ltd's subsidiary, MWTL, received a penalty order from The Principal Commissioner of Customs (ICD Patparganj), New Delhi
- The order is regarding the CTH/HSN misclassification of imported components for vehicle CNG systems
- MWTL has been demanded to pay Rs. 25,56,79,094/- as tax and Rs. 25,56,79,094/- as penalty, along with applicable interest
- MWTL plans to file an appeal against the order
- Uno Minda Ltd does not foresee any material impact on its financial or operational activities due to this order