Tax & Penalty16 Jul 2026, 03:11 pm

Elgi Equipments Subsidiary Gets US$ 2.68M Tariff Refund

AI Summary

Elgi Compressors USA INC, a wholly owned subsidiary of Elgi Equipments Ltd, has received a tariff refund of US$ 2.68 million (approximately ₹ 25.6 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 stated that this intimation is being hosted on its official website.

Key Highlights

Subsidiary received a significant tariff refund of US$ 2.68 million.
Refund is a consequence of US Supreme Court directives.
Amount is equivalent to approximately ₹ 25.6 crores.
Update is also available on the company's website.

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ELGIEQUIP

Compressors- Pumps & Diesel Engines

ELGI EQUIPMENTS LTD.

Price Impact