
Tax & Penalty7 Jul 2026, 04:00 pm
Maruti Suzuki Receives Customs Order for ₹4.74 Cr Duty & Penalty
AI Summary
Maruti Suzuki India Ltd has received an Order-In-Original from the Commissioner of Customs, Maharashtra, concerning the payment of duties on imported goods. The order alleges payment of duties at a different rate and demands payment of differential duty amounting to INR 4,73,94,938/-, along with an equal penalty of INR 4,73,94,938/- and applicable interest. The company intends to challenge this order before the appropriate authority. Maruti Suzuki has stated that this order will not have a major impact on its financial, operational, or other activities.
Key Highlights
- Customs authority issued an Order-In-Original to Maruti Suzuki.
- Demand for differential duty of ₹4.74 Cr and penalty of ₹4.74 Cr.
- Company plans to challenge the order.
- No significant financial or operational impact expected.
Price Impact
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