StockWatch
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2/3 Wheelers
Tax & Penalty3 Aug 2026, 11:00 pm

Zelio E Mobility Receives ₹6.72 Cr Customs Duty Show Cause Notice

AI Summary

Zelio E Mobility Ltd has received a Demand cum Show Cause Notice from the Principal Commissioner of Customs, Delhi, dated July 29, 2026. The notice, received on July 30, 2026, proposes a differential customs duty demand of approximately ₹6.72 crore (excluding interest and penalty). This pertains to the classification of goods imported during FY 2022-23 and FY 2023-24. The company believes its imports were based on a bona fide understanding of customs classification and is seeking legal advice. A detailed response will be submitted within 30 days. Management does not anticipate immediate operational impact, with financial implications to be determined later.

Key Highlights

  • Received show cause notice for ₹6.72 crore differential customs duty.
  • Notice relates to import classification for FY 2022-23 and FY 2023-24.
  • Company believes imports were bona fide; seeking legal advice.
  • No immediate operational impact expected; financial impact pending.
  • Response to be submitted within 30 days.