Tax & Penalty29 Aug 2026, 09:30 am

Elgi Compressors USA INC Receives US$1.55M Tariff Refund

AI Summary

Elgi Equipments Ltd announced that its wholly owned subsidiary, Elgi Compressors USA INC, has received a tariff refund of US$1.55 million (approximately ₹14.82 crores) from U.S. Customs and Border Protection. This refund is a result of the US Supreme Court's directives to refund excess tariffs collected from importers. The company has also updated its website with this information.

Key Highlights

Subsidiary Elgi Compressors USA INC received a US$1.55 million tariff refund.
Refund is consequent to US Supreme Court directives on excess tariff collection.
Amount is equivalent to approximately ₹14.82 crores.
Disclosure made as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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ELGIEQUIP

Compressors- Pumps & Diesel Engines

ELGI EQUIPMENTS LTD.

Price Impact