Tax & Penalty27 Sept 2026, 06:00 pm
HP Adhesives Receives Customs Order for ₹28.7 Lakh Anti-Dumping Duty
AI Summary
HP Adhesives Ltd has received an Order-In-Original from the Joint Commissioner of Customs (NS - I) regarding Anti-Dumping Duty on PTFE Thread Seal Tape imports. The order ascertains customs duty dues of ₹28,70,934/- along with applicable interest, a penalty of ₹28,70,934/-, and a redemption fine of ₹8,50,000/-. The company had previously responded to a Show Cause Notice dated 23rd September 2025. HP Adhesives plans to contest the order before the appellate authority and states it will not materially impact operations, with financial implications accounted for as contingent liabilities.
Key Highlights
- Customs authority issued Order-In-Original for Anti-Dumping Duty.
- Total dues include ₹28.7 Lakh duty, interest, penalty, and ₹8.5 Lakh fine.
- Company plans to contest the order at the appellate level.
- No material impact on operations; financial impact is a contingent liability.
Price Impact
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