Tax & Penalty13 Oct 2026, 06:20 pm
InterGlobe Aviation Faces ₹3.5 Cr Customs Duty Demand
AI Summary
InterGlobe Aviation Limited has received an order from the Commissioner of Customs, Ahmedabad, confirming a demand for additional customs duty on imported Aviation Turbine Fuel (ATF). The demand, along with interest, fine, and penalty, amounts to ₹3,50,00,000 (₹3.5 Crore). The company believes it has correctly deposited the duty and intends to contest the order before the appropriate appellate authority. The period applicable is May 2024 to August 2025. InterGlobe Aviation states there is no significant impact on its financials, operations, or other activities. The delay in disclosure was due to internal communication issues.
Key Highlights
- Customs authority issued order for additional duty on imported ATF.
- Demand includes interest, fine, and penalty of ₹3.5 Crore.
- Company believes duty was correctly deposited and will contest the order.
- No significant financial or operational impact expected.
- Disclosure delay was unintentional due to internal communication.
Price Impact
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