Elgi Equipments Subsidiary Receives US$ 2.68 Million Tariff Refund

Elgi Equipments Subsidiary Receives US$ 2.68 Million Tariff Refund​

Elgi Equipments Ltd has reported that its wholly owned subsidiary, Elgi Compressors USA INC, has secured a tariff refund from U.S. Customs and Border Protection (CBP). The refund amount is US$ 2.68 million, which is approximately equivalent to ₹ 25.6 crores.

The refund follows specific directives issued by the US Supreme Court to the US Government. These instructions mandated the refund of excess tariffs that were collected from importers.

Entity Involved	Refund Amount (USD)	Refund Amount (INR)
Elgi Compressors USA INC	US$ 2.68 million	₹ 25.6 crores

ELGIEQUIP Stock Price Movement​

Elgi Equipments Limited shares rallied 1.59% today to settle at ₹580.1. The stock saw a flurry of activity with 408,354 shares changing hands during the session.

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