Eicher Motors receives Rs 1.64 Cr customs demand order from Kolkata
EICHERMOT · price
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Eicher Motors received a demand order from the Principal Commissioner of Customs, Kolkata on June 3, 2026 for an aggregate Rs. 1.64 Crore. This includes Rs. 0.82 Crore in duty under Section 28(4) and Rs. 0.82 Crore in penalty under Section 114A of the Customs Act, 1962. The demand relates to a preferential tariff exemption claimed on one shipment of imported goods in 2020. The company says the demand is not maintainable and is evaluating all options including filing an appeal. No material impact on financials, operations or other activities is expected.
Demand is small relative to company size and company plans to contest. Likely no material impact on financials or operations.