Legal25 Jun 2026, 05:50 pm
UNO Minda Appeals Customs Order on Duty Misclassification
AI Summary
UNO Minda Ltd has received an order from the Commissioner of Customs (Appeals-II) regarding an earlier demand for differential duty, interest, penalty, and redemption fine related to the misclassification of HSN on imported goods. The company had previously deposited the differential duty of ₹42,97,510/-. The appeal filed by UNO Minda against the original order has not been considered by the appellate authority. The company intends to contest this new order and does not foresee any material impact on its financial or operational activities.
Key Highlights
- UNO Minda received an order from Customs Appeals-II on June 24, 2026.
- The order relates to a prior demand on duty misclassification.
- Company deposited ₹42,97,510/- differential duty earlier.
- UNO Minda will contest the new order.
- No material financial or operational impact expected.
Price Impact
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