Eicher Motors Receives Customs Demand Order Over Preferential Tariff Claim
Eicher Motors Limited has received a demand order from the Principal Commissioner of Customs, Kolkata, regarding a claim for preferential tariff exemption on imported goods. The company stated that it is evaluating all available options, including filing an appeal against the decision.The demand was communicated via email to the company on June 3, 2026, concerning a shipment made during the year 2020.
The order requires the payment of a total aggregate amount of Rs. 1.64 Crore. This sum comprises duty amounting to Rs. 0.82 Crore under Section 28(4) of the Customs Act, 1962, and a penalty of Rs. 0.82 Crore under Section 114A of the Customs Act, 1962.
The details concerning the customs order are provided below:
| Detail | Information |
|---|---|
| Authority Issuing Order | Principal Commissioner of Customs (Preventive), Kolkata, West Bengal |
| Date of Receipt | June 3, 2026 |
| Violation/Contravention Alleged | Preferential tariff exemption claimed by the Company on import of goods for one shipment during 2020 |
| Total Demand Amount | Rs. 1.64 Crore |
The company specified that its assessment concludes the demand is not maintainable. Eicher Motors stated that it does not envisage any relevant impact on its financials, operations, or other activities resulting from this order. The company is currently evaluating all courses of action moving forward.
EICHERMOT Stock Price Movement
Today, shares of Eicher Motors Limited edged higher to close at ₹7110 after gaining 0.14%. The stock traded on a volume of 429,763 shares, which saw the equity fluctuate within the trading range of ₹7030.5 and ₹7156.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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