Tax & Penalty12 Aug 2026, 07:52 pm
UNO Minda Vietnam Subsidiary Receives Tax Order for ₹1.55 Cr
AI Summary
UNO Minda's subsidiary, Minda Industries Vietnam Company Ltd., has received an order from the Phu Tho Province Tax Department in Vietnam. The order pertains to the imposition of administrative penalties for disallowances during the audit period from FY 2020-21 to 2025-26. The total amount includes tax/duty of ₹0.97 crore, interest of ₹0.19 crore, and penalty of ₹0.19 crore, totaling ₹1.35 crore. The company stated that it does not foresee any material impact on its financial or operational activities and is reviewing the order to take appropriate measures.
Key Highlights
- Subsidiary Minda Industries Vietnam received a tax order.
- Penalties imposed for audit period FY20-21 to FY25-26.
- Total amount of tax, interest, and penalty is ₹1.35 crore.
- No material financial or operational impact expected.
- Company is reviewing the order and will take action.
Price Impact
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