Hyundai Motor India Ltd (HYUNDAI)
Disclosure under Regulation 30 of SEBI LODR
Hyundai Motor India Ltd. has received an order from the Commissioner of Customs, Chennai-II (Imports), imposing a differential customs duty of Rs. 7.27 crore along with interest, penalty, and a redemption fine related to the misclassification of air purifiers to claim concessional duty. The company is currently reviewing the order and considering filing an appeal. The order does not impact the company's financials or operations at this time.
Source: Original filing PDF
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