Legal15 Mar 2026, 02:01 pm
Carraro India Receives Favorable Order Dropping Tax Demand of INR 7,92,36,269
AI Summary
Carraro India Limited has received a favorable order from the Office of the Commissioner of Customs, Pune, dropping a tax demand of INR 7,92,36,269. The order was received on 14th March, 2026, following submissions and representations made by the Company. The tax demand was dropped due to short levy of IGST @ 10%. This order will reduce the contingent liability of the Company by INR 7,92,36,269.
Key Highlights
- Carraro India receives favorable order from the Office of the Commissioner of Customs, Pune
- Tax demand of INR 7,92,36,269 dropped
- Order received on 14th March, 2026
- Short levy of IGST @ 10% was the reason for the tax demand
- Company's contingent liability to be reduced by INR 7,92,36,269