Company Disclosure: Revised Regulatory Intimation
Details of Notice Received
- Authority: Principal Commissioner of Customs, ICD PPG & Other ICDs, Delhi
- Notice Number: 29/PC/2026-27 dated July 29, 2026
- File Reference: GEN/ADT/PCA/111/2026-ICD-BBG-CUS-COMMRTE-PPG-DELHI
- Date of Receipt: July 30, 2026
- Legal Basis: Section 28(4) read with Section 99A of the Customs Act, 1962
Financial Impact Details
- Differential Customs Duty Demand: ₹6.72 crore (₹6,72,42,832)
- Period Covered: FY 2022-23 and FY 2023-24
- Exclusions: Applicable interest and penalty amounts are excluded from this figure
- Basis of Dispute: Difference in interpretation of customs tariff classification for certain imported goods
Company Response and Status
- The notice is at a preliminary stage with no final determination by the adjudicating authority
- The Company believes imports were undertaken based on bona fide understanding of applicable customs classification
- The Company is obtaining appropriate legal and technical advice
- A detailed response will be submitted within 30 days from the date of receipt (by August 29, 2026)
- The Company will pursue all remedies available under applicable law
Financial and Operational Impact Assessment
Based on preliminary assessment, management does not expect any immediate impact on the Company's operations. The financial implications, if any, will be determined upon completion of the adjudication process and in accordance with applicable legal and accounting requirements.
Additional Context
The matter is under examination, and the Company is formulating its response to be submitted before the competent authority within the stipulated period. The Company is taking all necessary measures to protect and safeguard its interests through diligent pursuit of the matter in accordance with applicable legal provisions.