CEAT wins CESTAT appeal; customs fine and penalty set aside

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CEATLTD · 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

-1.0%Reaction day

₹3349.80

prior close

₹3355.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.0%-2.1% vs market

Tyres & Rubber Products peers, median of 16sector-0.0%-1.0% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 1.0 pts less than its Tyres & Rubber Products 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

Stock

+0.6

10m

+0.4

15m

+0.6

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+1.0-2.1-0.0-1.0

Next day

-0.6+1.2-1.8-0.4-0.2

-0.4+1.2-1.6-0.5+0.1

-1.2+1.5-2.6+0.9-2.1

-1.7+1.0-2.7-0.7-1.0

-1.8+1.0-2.7-0.9-0.9

-2.5-2.0-0.5-3.2+0.7

15d

+0.4-0.5+0.9-3.8+4.2

-1.8-3.3+1.5-5.5+3.7

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 16Pending

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

AI summary

CEAT Limited won an appeal at the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai. The Tribunal set aside an earlier order by the Commissioner of Customs (Export) that had imposed a fine of INR 77.68 lakh and a penalty of INR 18.00 lakh in relation to EPCG licences. The matter has been determined in CEAT's favour with no violation found.

Likely market impact

Positive; removes potential liability of about INR 95.68 lakh. Earlier adverse customs order fully set aside in CEAT's favour.