Tax & Penalty8 May 2026, 06:51 pm
Carraro India Gets Relief from ₹6.37 Cr Tax Demand
AI Summary
Carraro India Limited received a favorable order from the Commissioner of Customs, Pune, resulting in the dropping of a tax demand related to short levy of IGST @ 10%. Consequently, the company obtained complete relief from a tax demand of ₹6,37,26,310. This will reduce the contingent liability of the company by the same amount.
Key Highlights
- Carraro India received a favorable order from Customs, Pune.
- Tax demand of ₹6,37,26,310 due to short levy of IGST dropped.
- Company obtains complete relief from the tax demand.
- Contingent liability of Carraro India reduced by ₹6.37 Cr.
Price Impact
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