Customs Clears Rashi Peripherals Limited of Demand; Proceedings Dropped
Rashi Peripherals Limited has received confirmation that the Principal Commissioner of Customs (Import) has dropped proceedings against the company, thereby dropping a significant demand related to customs duties.The order, received by Rashi Peripherals Limited on May 23, 2026, pertains to a Show Cause Notice (SCN No. 808/2025-26 dated February 6, 2025). The clearance confirms that the entire demand raised by the Customs Department is not valid, and all related proceedings have been officially dropped.
The initial allegation, detailed in the Show Cause Notice, concerned the company making a wrong classification of imported goods, which allegedly made the company liable to pay additional customs duty.
The financial impact of the ruling is substantial. The order confirms that the total demand amounted to Rs. 3,52,79,282/- (Rupees Three Crores Fifty Two Lakhs Seventy Nine Thousand Two Hundred Eighty-Two).
The details of the adjudication and the resulting relief are summarized below:
| Detail | Information |
|---|---|
| Issuing Authority | Principal Commissioner of Customs (Import), Air Cargo Complex, Andheri (East), Mumbai |
| Show Cause Notice Reference | SCN No. 808/2025-26 dated 06.02.2025 |
| Order Date of Receipt | May 23, 2026 |
| Alleged Contravention | Wrong classification of imported goods leading to additional customs duty demand. |
| Demand Dropped | Approximately Rs. 3.53 Cr. (including penalty) for the financial year 2024 - 25. |
The dropped demand, amounting to roughly Rs. 3.53 Cr., was previously classified as a contingent liability in the Company's financial statement, marking a significant reduction in potential financial exposure for Rashi Peripherals Limited.
RPTECH Stock Price Movement
Shares of Rashi Peripherals Limited shed 1.44% on Friday, settling at ₹545.5. Despite the decline, the stock remained near its yearly peak of ₹560, recording a trading volume of 118,639 shares.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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