Manali Petrochemicals received a favourable CESTAT order dated 23rd March 2026, setting aside a customs duty demand of ₹3.83 crore plus interest.
The demand arose from alleged misclassification of imported Quicklime; CESTAT upheld the company's classification under CTI 2522 1000.
The financial impact of writing back the related provision is being assessed; further developments will be communicated to stock exchanges.