Everest Kanto Cylinder Limited has informed the Exchange about Revised intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with details required as per Industry Standards Forum Note

Everest Kanto Cylinder has disclosed a revised update on a customs order originally communicated on July 22, 2025. The Principal Commissioner of Customs (Import), Mumbai, has raised a differential duty demand of Rs. 66.29 lakh and imposed an equal penalty of Rs. 66.29 lakh, along with applicable interest, over a dispute about the classification of imported raw materials under a different Customs Tariff Item. The dispute relates to whether certain imported goods should be classified under CTI 73072200 (lower duty) or CTI 7307290 (25% basic customs duty). The company has stated there is no material impact on its financials or operations and plans to appeal the order before CESTAT (Customs, Excise, Service Tax Tribunal). The penalty can be reduced to 25% of the duty and interest if paid within 30 days, though the company is contesting the order.