Customs order demanding Rs 2.47 crore duty plus equal penalty, firm to challenge

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NESTLEIND · price

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

-0.6%Reaction day

₹1466.50

prior close

₹1458.60

announcement price

In-mkt

timing

Nifty 100market-0.4%-0.2% vs market

Packaged Foods peers, median of 38sector+0.1%-0.7% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.7 pts less than its Packaged Foods 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

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15m

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30m

-0.4

Sessions after the filingfrom the prior close

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Reaction day

-0.6-0.4-0.2+0.1-0.7

Next day

-1.2-0.9-0.3+0.6-1.8

-1.3-0.6-0.7+1.0-2.3

+2.0-1.0+3.1+0.0+2.0

-2.0-1.3-0.7-1.1-1.0

-3.0-1.8-1.2+0.1-3.1

-4.3-1.9-2.4+0.1-4.3

15d

-6.1-4.4-1.7-2.9-3.2

-8.2-6.2-2.0-3.5-4.8

-20.0-7.3-12.7-12.5-7.5

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UpDownMarket · Nifty 100Sector · Packaged Foods peers, median of 38Pending

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

AI summary

Nestle India received an adjudication order from the Principal Commissioner of Customs at Delhi Air Cargo demanding customs duty of about Rs 2.47 crore along with applicable interest, and an equal penalty of about Rs 2.47 crore (100 percent of duty) under Section 28(4) of the Customs Act, 1962. The company states there is no material impact on its financials or operations and will explore options to challenge the order.

Likely market impact

Total exposure of around Rs 4.93 crore is small for Nestle India and management sees no material hit; outcome of challenge may matter later.