Manali Petrochemicals Wins Customs Duty Appeal, CESTAT Sets Aside ₹3.83 Crore Demand
Manali Petrochemicals Limited won a customs duty appeal against a ₹3.83 crore demand. The CESTAT set aside the demand, upholding the company's classification of imported Quicklime. The company is assessing the financial impact of this favorable ruling.
The outcome of the appeal directly impacts the company's financial standing by potentially reversing a provision of ₹3.83 crore plus interest. While significant, it is not a transformative event for the entire business operations.
The company has won a significant legal appeal, resulting in the setting aside of a substantial customs duty demand. This is a positive outcome that reduces financial liability.
Manali Petrochemicals Limited has received a favorable Final Order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dated March 23, 2026, which was intimated on April 1, 2026. This order allows the company's appeal against a customs duty demand of ₹3.83 crore plus applicable interest.
The demand was originally confirmed by the Adjudicating Authority, DRI, Mumbai, in July 2019, alleging misclassification of imported Quicklime under CTI 2825 9090 instead of CTI 2522 1000 as declared by Manali Petrochemicals.
The Tribunal upheld the company's classification under CTI 2522 1000, ruling that the Calcium Oxide purity of the imported goods, ranging between 91%-95%, fell below the 98% threshold required for classification under CTI 2825 9090. Consequently, the entire demand has been set aside.
The company is currently assessing the financial impact of writing back the provision made and will take appropriate further steps. Manali Petrochemicals Limited will keep the stock exchanges informed of any material developments.
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