DOMS Industries Limited Receives Final Customs Order Regarding GST Short Payment
DOMS Industries Limited recently received a Final Order from the Office of the Commissioner of Customs (Appeals), Mumbai-II, concerning the alleged misclassification of certain goods the company imported. The order, issued on May 05, 2026, relates to a shortfall payment of Goods and Services Tax (GST) and arose under the Customs Act, 1962.The action follows an initial Order-in-Original, dated November 30, 2023, issued by the Office of the Commissioner of Customs, NS-V. The company, having appealed the original order, received the Final Order, which upheld the core findings of the Order-in-Original while allowing for modifications in the demand recalculation.
The Final Order details the recovery requirements related to the misclassification issue. The specific financial demands include:
| Particulars | Detail |
|---|---|
| Recovery of deferred GST | ₹ 13,36,018 |
| Penalty | ₹ 13,36,018 |
| Interest | To be calculated as per provision of Section 28AA of Customs Act, 1962 |
| Redemption fine | ₹ 20,00,000 |
In terms of impact, the Company confirmed that it is evaluating appropriate legal remedies against the Final Order and will take further steps as advised within the prescribed time limit. However, DOMS Industries Limited stated that the order has no material impact on the company's financial, operational, or other activities.
DOMS Stock Price Movement
Shares of DOMS Industries Limited today slipped by 2.99% to settle at ₹2264.4, losing ₹69.70 in after-hours trading. The stock saw a total volume of 63,178 shares traded during 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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