Customs notices seek about Rs 14.30 crore in additional IGST

Regulatory & Legal View source PDF Explain this filing

CARRARO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹456.00

prior close

₹456.45

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.7% vs market

Auto Components & Equipments peers, median of 107sector-0.8%-2.6% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.6 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-3.4-0.7-2.7-0.8-2.6

Next day

-4.4-0.7-3.7-0.4-4.0

-0.8-0.2-0.6+0.9-1.7

-1.8-0.1-1.7+0.6-2.4

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-1.1+1.0-2.0+1.6-2.7

15d

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+14.2+0.6+13.6+1.3+12.9

+20.9-4.3+25.2-2.0+22.9

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 107Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pune Customs issued two show cause notices dated 2 September 2025 disputing Carraro India's 18 percent IGST rate on certain imported tractor parts and seeking 28 percent. The demands are Rs 7.92 crore and Rs 6.37 crore, plus interest and penalty. The company plans to respond within 30 days and expects favorable relief.

Likely market impact

No immediate operational impact was reported, but an adverse ruling could increase tax, interest and penalty costs and hurt investor sentiment.