Apollo Tyres Ltd Receives Customs Order Levying Penalty Over HSN Classification Dispute
Apollo Tyres Ltd confirmed that it received an order from the Joint Commissioner of Customs, Chennai, on April 16, 2026. The order imposes a penalty under the Customs Act.The penalty has been levied due to a dispute regarding the Harmonized System Nomenclature (HSN) classification.
The material details concerning the customs order are as follows:
| Detail | Information |
|---|---|
| Issuing Authority | Joint Commissioner of Customs, Chennai |
| Date of Order Receipt | April 16, 2026 |
| Nature of Action | Penalty order passed under Customs Act |
| Penalty Amount | Rs 14.34 lacs |
| Basis of Dispute | HSN classification |
The Company stated that it intends to file an appeal before the Appellate Authority in due course. Regarding the financial impact, Apollo Tyres Ltd reported that there is no material effect of the order on the Company’s financial, operational, or other activities.
APOLLOTYRE Stock Price Movement
Today, Apollo Tyres Limited shares edged higher, gaining 0.43% to close at ₹443.65. The stock finished its session trading volume of 910,188 shares, settling near its daily high of ₹445.5.Source:
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