Customs imposes Rs 4.20 crore anti-dumping demand on SRF
SRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Midcap 150 and 2.4 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Commissioner of Customs imposed anti-dumping duty on SRF's imports of 900D adhesive activated high tenacity polyester yarn. The demand includes about Rs 3.04 crore in additional duty and interest. Penalties and a redemption fine take the total to about Rs 4.20 crore. SRF disputes the demand and plans to challenge it in court.
Potential exposure is Rs 4.20 crore plus interest, but SRF is contesting the demand, and the filing does not state any confirmed financial loss.