Date: June 01, 2026
Regulatory Compliance Disclosure
TTK Healthcare Limited has made a disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 regarding a customs duty classification matter.
Customs Duty Classification Issue
The Company had been importing various products under Customs Classification 90191010 [Mechano-therapy Appliances] with a basic customs duty rate of 7.5%.
The Customs Department subsequently indicated that the products should be classified under Customs Classification 90191020 [Massage Apparatus] with a higher basic customs duty rate of 10%.
Payment of Arrears
Upon receiving this reclassification information from the Customs Department, the Company duly paid the arrears of differential duty of 2.5% along with applicable interest to the Customs Department.
The Company states there was no suppression of information, and the issue was solely related to the change in product classification as indicated by the Customs Department.
Penalty Payment
The Customs Department insisted on payment of penalty equivalent to 15% of the differential duty paid by the Company.
The Company decided suo motto (voluntarily) to pay the penalty to close the matter.
A sum of ₹9,93,320/- (Rupees Nine Lakh Ninety-Three Thousand Three Hundred Twenty Only) was paid towards penalty on the differential duty to the Customs Department on June 01, 2026.
Financial Impact
Total penalty payment: ₹9,93,320
Basis of penalty: 15% of the differential duty amount