StockWatch
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Other Electrical Equipment
Legal20 Aug 2026, 03:28 pm

Prostarm Info Systems: Customs Appeal Dismissed as Withdrawn

AI Summary

Prostarm Info Systems Limited announced that an appeal filed by the Customs Department before the Hon’ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, has been dismissed as withdrawn. The company had previously informed about this appeal on April 10, 2026. The disputed amount involved was INR 25.66 Crores. The official order is pending upload on the CESTAT website. This development resolves a significant legal proceeding for the company.

Key Highlights

  • Customs Department's appeal against Prostarm Info Systems dismissed.
  • Appeal withdrawn by the Customs Department before CESTAT.
  • Disputed amount was INR 25.66 Crores.
  • Order is yet to be uploaded on the CESTAT website.