Tax & Penalty4 Jun 2026, 05:11 pm
Eicher Motors Receives ₹1.64 Cr Custom Duty Demand
AI Summary
Eicher Motors Ltd has received a demand order from the Principal Commissioner of Customs, Kolkata, for an aggregate amount of Rs. 1.64 Crore. This includes a duty demand of Rs. 0.82 Crore and a penalty of Rs. 0.82 Crore. The demand relates to a preferential tariff exemption claimed on imported goods in 2020. The company believes the demand is not maintainable and is evaluating options, including an appeal. Eicher Motors does not anticipate any significant impact on its financials or operations.
Key Highlights
- Received Rs. 1.64 Cr demand order from Customs, Kolkata.
- Demand includes Rs. 0.82 Cr duty and Rs. 0.82 Cr penalty.
- Related to preferential tariff exemption claimed in 2020.
- Company deems demand not maintainable, plans to appeal.
- No significant financial or operational impact expected.
Price Impact
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