Legal17 Oct 2026, 06:50 pm
Nureca Ltd: DRI Matter Closed, ₹57.13 Lakh Pre-deposit Appropriated
AI Summary
Nureca Ltd has announced the closure of proceedings initiated by the Directorate of Revenue Intelligence (DRI) concerning product classification under the Customs Act, 1962. Previously, the company had made a pre-deposit of INR 57,12,811/- (Rupees Fifty-Seven Lakh Twelve Thousand Eight Hundred and Eleven only). The Commissioner of Customs (NS-V) has now confirmed that this pre-deposit will be treated as differential duty and applicable interest, thereby appropriating it towards liabilities arising from imports. With these liabilities discharged, the matter is now officially closed, providing clarity on this regulatory issue.
Key Highlights
- DRI proceedings related to product classification are now closed.
- Pre-deposit of ₹57.13 Lakhs has been appropriated as differential duty.
- Applicable interest has also been covered by the pre-deposit.
- Import liabilities related to the matter are considered discharged.
- The company has achieved closure on this regulatory issue.
Price Impact
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