Samvardhana Motherson Subsidiary Ordered Penalty Over Goods Declaration
Samvardhana Motherson International Limited has received an order imposing a penalty on its indirect wholly owned subsidiary, SMP Automotive Interiors (Beijing) Co., Ltd, from Chinese Customs authorities. The penalty relates to alleged discrepancies in the declaration of delivery terms for goods.The Customs of Yizhuang Town, Daxing District, Beijing, China imposed the fine against SMP Automotive Interiors (Beijing) Co., Ltd, which is an indirect subsidiary of Samvardhana Motherson International Limited. The total penalty amounts to CNY 188,537, equivalent to INR 26,58,093/-.
The penalty order was dated June 5, 2026, and the details were received on June 8, 2026.
According to the authorities, the penalty was imposed due to the alleged wrongful declaration of delivery terms for the goods, specifically citing Ex-works (EXW) actual instead of Free on Board (FOB).
Financial implications of the customs action are summarized below:
| Particulars | Details |
|---|---|
| Authority Imposing Penalty | Customs of Yizhuang Town, Daxing District, Beijing, China |
| Date of Order | June 5, 2026 |
| Amount of Penalty (CNY) | 188,537 |
| Amount of Penalty (INR) | 26,58,093/- |
| Alleged Contravention | Incorrect declaration of delivery terms (EXW actual vs FOB) |
Regarding the impact on the parent company, Samvardhana Motherson International Limited stated that there is no material impact from this penalty on its financial standing, operations, or other activities.
MOTHERSON Stock Price Movement
As of 1:05 PM, shares of Samvardhana Motherson International Limited gain ground, trading up 2.56% at ₹142.57. The stock currently operates within an intraday range extending from a low of ₹140.5 to a high of ₹143.44.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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