Tax & Penalty26 Aug 2026, 11:42 am
Nestle India Receives Customs Order Demanding ₹4.93 Cr
AI Summary
Nestle India Ltd has received an adjudication order from the Principal Commissioner of Customs, demanding customs duty of ₹2,46,75,612/- along with applicable interest, and a penalty of ₹2,46,75,612/-. The total demand amounts to ₹4,93,51,224/-. The company stated that there is no material impact on its financials or operations and plans to explore options to challenge the order. The order was received on August 25th, 2026.
Key Highlights
- Customs authority demands ₹2.46 Cr duty and ₹2.46 Cr penalty.
- Total demand from customs amounts to ₹4.93 Cr.
- Nestle India states no material financial or operational impact.
- Company intends to challenge the customs order.
- Order received on August 25th, 2026.
Price Impact
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