Tax & Penalty1 Jul 2026, 07:10 pm
Adf Foods Subsidiary Gets US$ 2.1M Tariff Refund
AI Summary
Adf Foods Ltd's wholly owned US subsidiary, ADF Holdings (USA) Ltd, has received a tariff refund of US$ 2.1 million (approximately Rs. 19.97 crore) from U.S. Customs and Border Protection. This refund is a result of the US Supreme Court's directive to refund excess tariffs collected from importers. Adf Foods will take necessary applicable steps regarding this refund.
Key Highlights
- Subsidiary received US$ 2.1 million tariff refund.
- Refund follows US Supreme Court directive on excess tariffs.
- Amount equivalent to approximately Rs. 19.97 crore.
- Company to take applicable steps regarding the refund.
Price Impact
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