Eicher Motors receives Rs 1.64 Crore demand order from Customs, Kolkata.
Eicher Motors received a demand order from Customs, Kolkata, for ₹1.64 Crore, including ₹0.82 Crore duty and ₹0.82 Crore penalty. The demand relates to a preferential tariff exemption claimed on imports in 2020. The company believes the demand is not maintainable and is considering an appeal, anticipating no significant financial impact.
The company has assessed the demand and does not anticipate any relevant impact on its financials, operations, or other activities. The amount of ₹1.64 Crore is also relatively small compared to the company's overall scale.
The company has received a demand order and penalty from customs, which is a negative development. However, the company believes the demand is not maintainable and anticipates no significant financial impact, which mitigates the negativity. Therefore, the sentiment is neutral.
Eicher Motors Limited has announced the receipt of a demand order from the Office of the Principal Commissioner of Customs, Kolkata, West Bengal. The order, received via email on June 3, 2026, aggregates to ₹1.64 Crore.
This amount comprises a demand of duty totaling ₹0.82 Crore under Section 28(4) of the Customs Act, 1962, and a penalty of ₹0.82 Crore under Section 114A of the same Act. The demand pertains to a preferential tariff exemption that the company claimed on the import of goods for a single shipment during the year 2020.
Eicher Motors is currently evaluating all available options, including the filing of an appeal against this order. The company assesses that the demand is not maintainable and does not foresee any significant impact on its financial, operational, or other activities. The announcement was formally submitted to the stock exchanges on June 4, 2026.
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Eicher Motors 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 low impact, the band that almost never moves a portfolio on its own.
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