Netweb Technologies India Limited has informed the Exchange about General Updates
NETWEB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Netweb Technologies has filed an appeal on 14 August 2025 before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) against a custom duty demand. The demand of Rs. 1.06 crore (Rs. 1,05,94,991) was raised by the Commissioner of Customs Audit through an order dated 8 May 2025 under the Customs Act, 1962. This filing is an update to the company's earlier intimation dated 16 May 2025. The company has stated that there is no material impact on its financials, operations, or other activities as a result of this matter.
The disputed amount is small relative to the company's size and the company has explicitly stated there is no material financial or operational impact. Shareholders should monitor the CESTAT outcome, but near-term stock impact is expected to be limited.