Rashi Peripherals Confirms Customs Duty Demand of Rs. 8.02 Crore Following Principal Commissioner's Order
Rashi Peripherals Limited confirmed that it has received an order from the Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Andheri (East), Mumbai. The order, dated May 29, 2026, confirms a substantial demand for customs duty, interest, and penalty.The proceedings relate to a Show Cause Notice (SCN No. 477/2025-26) issued on December 2, 2025. The core allegation was that the Company had made a wrong classification of imported goods, making it liable to pay additional customs duty, along with associated penalty and interest, under Section 28(4) of the Customs Act, 1962.
The confirmed demand issued by the Principal Commissioner of Customs amounts to Rs. 8,02,01,938, including applicable interest.
The breakdown of the confirmed demand and associated amounts is detailed as follows:
| Description | Amount (Rs.) |
|---|---|
| Differential Duty Demand | 3,76,00,969 |
| Penalty U/s 114A | 3,76,00,969 |
| Penalty U/s 114AA | 50,00,000 |
| Total Confirmed Demand | 8,02,01,938 |
Rashi Peripherals reported that an amount of Rs. 1,82,36,604 was previously paid under protest on August 22, 2025. Consequently, the net payable amount, excluding applicable interest, stands at Rs. 6,19,65,334.
The Company noted that this confirmed demand, which includes the penalty components, is expected to be classified as a contingent liability in the company's financial statements. Regarding the order, Rashi Peripherals stated that it is currently discussing the matter with its legal advisors concerning the filing of an appeal before CESTAT against the ruling.
RPTECH Stock Price Movement
On Friday, Rashi Peripherals Limited shares edged higher, gaining 3.05% to settle at ₹543.1. The stock traded on robust volume of 253,804 shares and remains solidly positioned near its 52-week high of ₹560.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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