Carraro India Gains Complete Relief from Tax Demand of Rs. 6,37,26,310/- Following Customs Order
Carraro India Limited announced that it has received a favorable order from the Office of the Commissioner of Customs, Pune, resulting in complete relief from a significant tax demand.The Company reported receiving the order, bearing reference number PUNE-CUSTOMS-000-COMMR-01/2026-27 and dated May 7, 2026, on May 8, 2026.
The resolution follows the Company's submissions and representations made to the tax authorities regarding a tax demand related to the short levy of IGST @ 10%. As a direct result of these efforts, the tax demand has been dropped.
The favorable customs order provides a substantial financial benefit to the Company, achieving complete relief from the tax demand amounting to Rs. 6,37,26,310/-. This resolution is expected to reduce the contingent liability of Carraro India Limited by the full amount of Rs. 6,37,26,310/-.
The key details of the successful customs action are summarized below:
| Financial Impact | Detail | Amount |
|---|---|---|
| Authority | Office of the Commissioner of Customs, Pune | N/A |
| Order Reference | PUNE-CUSTOMS-000-COMMR-01/2026-27 | N/A |
| Demand Relief Obtained | Tax demand on short levy of IGST @ 10% | Rs. 6,37,26,310/- |
| Effect on Liability | Reduction of contingent liability | Rs. 6,37,26,310/- |
CARRARO Stock Price Movement
Carraro India Limited shares today slipped by 1.86% to settle at ₹579.90. The equity saw a total traded volume of 103,104 shares, indicating profit-taking throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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