HP Adhesives Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
HP Adhesives has received a Show Cause Notice (SCN) from the Joint Commissioner of Customs, Nhava Sheva, dated 23 September 2025, alleging unpaid Anti-Dumping Duty of ₹28.71 lakhs on imports made in May and June 2021 (goods valued at ₹85.5 lakhs). The notice has been issued under Section 124 read with Section 28 of the Customs Act, 1962, along with applicable interest under Section 28AA. The company had imported goods covered under Notification No. 25/2021 dated 26 April 2021, which made ADD applicable. The company is evaluating the notice and plans to file a detailed reply with supporting evidence. Management states there is no immediate material impact on financials, operations, or other activities.
The duty demand of ₹28.71 lakhs is small relative to typical company operations and is being contested, so near-term impact is limited; however, an adverse outcome could result in a financial liability along with interest and penalties.