PROSTARMNSEProstarm Info Systems LimitedHighNegative
Announced Fri, 10 Apr · 17:25 IST

Update on litigation Intimation regarding Appeal filed by Commissioner of Customs, Nhava Seva, Raigad, Maharashtra

Regulatory & Legal View source PDF

PROSTARM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹147.10
prior close
₹143.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-0.9-0.7+0.2+4.7+4.6+5.0+2.0+3.6+7.0+6.9+1.8-2.8-10.6
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AI summary

The Customs Department has filed an appeal against a favorable order the company received. In August 2025, Prostarm Info Systems got an Order-In-Original confirming zero liability for a disputed customs duty amount of INR 25.66 Crores, with all proceedings against the company dropped. This originated from a Show Cause Notice dated May 21, 2024. Now the Customs Department has challenged that order by filing an appeal before the Customs, Excise and Service Tax Appellate Tribunal, Mumbai. The company is currently evaluating its next steps in response to this appeal.

Likely market impact

The appeal introduces fresh legal uncertainty around the INR 25.66 Crore customs dispute. While the original order was in the company's favor, an adverse appellate ruling could expose Prostarm to significant financial liability, making this a watch item for investors.