Tax & Penalty4 Nov 2026, 05:34 pm
Rashi Peripherals ordered to pay ₹2.15 Cr customs duty, interest, penalty
AI Summary
Rashi Peripherals Ltd has received an order from the Principal Commissioner of Customs confirming a demand of customs duty, interest, and penalty amounting to ₹2,15,02,570 (₹2.15 Crores). The order partially dropped a demand of ₹87,42,515. The company has the option to reduce the penalty to 25% of the duty if paid within thirty days. This confirmed demand will be classified as a contingent liability. The company is considering an appeal.
Key Highlights
- Customs duty, interest, and penalty of ₹2.15 Cr confirmed.
- Partial demand drop of ₹87.42 Lacs.
- Penalty reduction possible if paid within 30 days.
- Demand to be treated as contingent liability.
- Company evaluating appeal options.
Price Impact
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