Rashi Peripherals Limited has informed the Exchange about order passed by customs deptt. in favour of the Company
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Rashi Peripherals Limited received a favourable order from the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai. The order dated 22nd May 2026 dropped proceedings against the company related to Show Cause Notice No. 808/2025-26. The customs department had alleged that the company made wrong classification of imported goods and was liable to pay additional customs duty. The demand of Rs. 3,52,79,282 (approximately Rs. 3.53 crore, including penalty) has been entirely dropped. This amount was previously classified as a contingent liability in the company's financial statements for FY 2024-25.
Positive development for shareholders as the company successfully avoided a potential liability of Rs. 3.53 crore. This removes uncertainty and may positively impact investor sentiment.