StockWatch
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Packaged Foods
Tax & Penalty26 Aug 2026, 06:30 pm

Nestle India Receives Customs Order Demanding ₹11.85 Cr

AI Summary

Nestle India Ltd has received an Adjudication Order from the Principal Commissioner of Customs, Mundra Port, demanding customs duty of ₹11,10,59,061 along with applicable interest, a redemption fine of ₹25,00,000, and a penalty of ₹50,00,000. The total amount demanded is approximately ₹11.85 crore plus interest. The company stated that there is no material impact on its financials or operations and intends to explore options to challenge the order. The order was received on August 25, 2026.

Key Highlights

  • Customs order demands ₹11.1 Cr duty plus interest.
  • Redemption fine of ₹25 Lakhs and penalty of ₹50 Lakhs imposed.
  • Company claims no material financial or operational impact.
  • Nestle India plans to challenge the customs order.