Maruti Suzuki Gets Rs 3.8 Crore Show Cause Notice from Customs
Aug 14, 2024 13:19
Maruti Suzuki India received a show cause notice from customs demanding payment of Rs 3.8 crore in differential duty. The company claims no major impact on its operations.
New Delhi, Aug 14 (PTI) Maruti Suzuki India on Wednesday said it has received a show cause notice from customs authority demanding payment of differential duty of over Rs 3.8 crore.
According to a regulatory filing, the company has received a show cause notice from the Office of the Commissioner of Customs (Import), Air Cargo Complex, Mumbai.
"In this show cause notice, the authority has asked the company to provide the reasons for claiming custom duty exemption on the import of certain category of goods and to pay the differential duty of Rs 3,81,37,748 along with applicable interest and penalty," it said.
There is no major impact on financial, operation or other activities due to this notice, the company added.
Shares of the company were trading 0.34 per cent higher at Rs 12,206.85 apiece on the BSE.
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