
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.
Price Impact
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