Carraro India Receives Customs Order Demanding ₹15.24 Crore IGST, Interest, and Penalty
Carraro India received an Order-in-Original from Customs demanding ₹15.24 Crore IGST, plus interest and a ₹5 Crore penalty. The company plans to appeal the order at CESTAT, believing it has a strong case. No immediate financial or operational impact is expected.
While the company states there is no immediate impact, the demand for ₹15.24 Crore IGST, interest, and a ₹5 Crore penalty is substantial and could impact financials if the appeal is unsuccessful.
The company has received an order from the customs authority demanding a significant amount of differential IGST, interest, and a penalty, which is a negative development.
Carraro India Limited has received an Order-in-Original (OIO) dated 01st September, 2026, from the Office of the Commissioner of Customs, Jawaharlal Nehru Customs House. The order, received via email on 03rd September 2026, confirms a differential IGST demand, along with applicable interest and penalties, related to the classification of certain imports made by the company.
The OIO mandates the recovery of differential IGST amounting to ₹15,24,59,511 (Rupees Fifteen Crore Twenty-Four Lakh Fifty-Nine Thousand Five Hundred and Eleven only), along with applicable interest. Additionally, a penalty of ₹5,00,00,000 (Rupees Five Crores only) has been imposed under section 114AA of the Customs Act, 1962.
The company stated that the order was passed despite its technical and legal submissions. Based on legal advice, Carraro India intends to challenge the OIO before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) within the prescribed timeline, expressing confidence in a strong case on merits and expecting appropriate relief from the appellate forum. The company believes there is no immediate impact on its financial, operational, or other activities due to this OIO.
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Carraro India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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