Rashi Peripherals Limited has informed the Exchange about Action(s) initiated or orders passed by Customs authorities on 29-05-2026
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Rashi Peripherals received an order from the Principal Commissioner of Customs, Mumbai dated 29 May 2026 confirming a demand of Rs. 8.02 crore. The demand arises from an alleged wrong classification of imported goods under a Show Cause Notice issued in December 2025. The confirmed amount includes differential customs duty of Rs. 3.76 crore, penalty under Section 114A of Rs. 3.76 crore, and penalty under Section 114AA of Rs. 50 lakh. The company had already paid Rs. 1.82 crore under protest in August 2025, leaving a net payable of Rs. 6.20 crore excluding applicable interest. The company plans to file an appeal before CESTAT against this order.
The confirmed customs demand of Rs. 8.02 crore plus interest will be recorded as a contingent liability, creating a potential financial burden. The company intends to challenge the order legally, and the outcome of the CESTAT appeal will determine the final impact on finances.