Hindalco to file appeal against Rs 30 cr penalty levied under Customs Act
The Office of the Principal Commissioner of Customs, Ahmedabad, has passed an order levying a total fine and penalty of Rs 30 crore on Hindalco Industries.
"Penalty imposed in relation to pre-import condition, which was applicable for a limited period, on import against Advance Authorization," the company said.
"The management does not reasonably expect the said orders to have any material impact on the financials, operations or other activities of the company. The company prefers filing an appeal against the matter, and has strong cases on merit and law," Hindalco said.
In recent days, there has been a flurry of GST notices also issued to several companies.
Bajaj Electricals said it has received an order dated April 9, 2024, from the Office of the Assistant Commissioner of State Tax, Mohali, (GST Authority), involving an alleged tax demand (aggregating to Rs 1.32 crore) for FY 2018-19.
