Customs notice seeks Rs 15.25 crore in additional goods tax
CARRARO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Carraro India received a customs notice disputing the 18% integrated goods and services tax applied to certain imported tractor parts. Customs proposes a 28% rate, seeking Rs 15.25 crore in additional tax plus interest and penalty. The company plans to respond within 30 days, expects favourable relief and reports no immediate impact on operations or finances.
Potential exposure includes Rs 15.25 crore, interest and penalty, but no immediate operational impact is reported. The outcome may affect earnings and investor sentiment.