PC Jeweller Cleared in Tribunal Ruling: Allegations Over Customs Duty Dropped
PC Jeweller Ltd has received favorable news following an order passed by the Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal, New Delhi. The tribunal ruled that allegations made against the company and its Managing Director were incorrect, leading to the dropping of the proceedings related to the matter.The decision was announced on July 14, 2026. According to the ruling, the allegations concerning the wrong calculation and payment of custom duty by PC Jeweller on imported jewellery are unsubstantiated, and the associated proceedings have been concluded with consequential relief granted.
This legal resolution pertains to earlier search operations conducted by the Directorate of Revenue Intelligence (DRI) Zonal Unit, Delhi. These searches took place between December 13, 2012, and December 15, 2012, in connection with an Addendum Notice to the Red Herring Prospectus dated November 26, 2012.
The outcome of the tribunal’s order solidifies the company's position concerning the customs duty calculations related to jewellery imports from that period.
PCJEWELLER Stock Price Movement
Shares of PC Jeweller Limited slipped by 1.21% today, settling at ₹9.86 in post-market trading. The stock saw significant activity, with a reported volume totaling 375.45 million 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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