Carraro India Limited has informed the Exchange about favorable order from Office of the Commissioner of Customs, Pune, 41-A, ICE House, opp. Wadia college, Sassoon road, Pune 01.
CARRARO · price
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Carraro India has received a favorable order from the Office of the Commissioner of Customs, Pune, dated 13th March 2026. The order fully drops a tax demand of Rs. 7,92,36,269 (approximately Rs. 7.92 crore) related to alleged short levy of IGST at 10%. This follows a Show Cause Notice issued on 2nd September 2025, which the company contested through submissions and representations to the tax authorities. As a result, the company has obtained complete relief from the demand, and its contingent liability is reduced by the same amount.
Positive for shareholders — the full Rs. 7.92 crore contingent liability stands removed, easing any potential financial burden from the customs matter. Likely a modest positive sentiment for the stock, though the amount is small relative to typical company operations.