Customs Appeal Status: UNO Minda Limited Receives Order from Appeals Commissioner
UNO Minda Limited has received a new order from the Commissioner of Customs (Appeals-II) concerning a dispute over the misclassification of HSN on imported goods, stating that its previous appeal had not been considered by the appellate authority. The Company confirmed the receipt of the ruling and indicated plans to contest the matter.The customs dispute originated from an initial order regarding the import classification. This original determination led to demands for differential duty amounting to Rs. 42,97,510/- (which was deposited), interest as applicable under section 28AA of the Customs Act, 1962, a penalty of Rs. 42,97,510/-, and a redemption fine set at Rs. 10,00,000/-.
After the initial demand, UNO Minda Limited filed an appeal against the order. The company has now received the response from the Office of the Commissioner of Customs (Appeals-II).
Key details regarding the customs adjudication process are summarized below:
| Particular | Details |
|---|---|
| Authority | The Commissioner of Customs (Appeals-II), 60 Rajaji Salai, Customs House Chennai. |
| Action Status | The Company appealed the original order, but the appeal was not considered by the Commissioner of Customs (Appeals-II). |
| Order Receipt Date | June 24, 2026 at approximately 19:00 PM. |
The company confirmed that it intends to contest the latest order received from the Appellate body. According to UNO Minda Limited, the matter does not foresee any material impact on its financial or operational activities.
UNOMINDA Stock Price Movement
On Thursday, UNO Minda Limited shares surged, closing the session at ₹1136.50 after gaining 3.04% in trading. The stock saw robust investor activity, with a total of 1.53 million shares traded throughout the day.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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