Legal23 May 2026, 03:31 pm
Rashi Peripherals: Customs Demand of ₹3.53 Cr Dropped
AI Summary
Rashi Peripherals Ltd. received an order from the Principal Commissioner of Customs, Mumbai, dropping proceedings against the company related to Show Cause Notice (SCN No. 808/2025-26). The order confirms that the entire customs demand of ₹3,52,79,282 against the company is invalid, and all related proceedings have been dropped. This demand, classified as a contingent liability in the company's financial statement for FY24-25, will no longer impact the company's financials.
Key Highlights
- Customs demand of ₹3.53 Cr against Rashi Peripherals has been dropped.
- Order received from Principal Commissioner of Customs, Mumbai.
- Proceedings dropped against Show Cause Notice (SCN No. 808/2025-26).
- Demand was classified as contingent liability in FY24-25 financial statement.
Price Impact
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