Eicher Motors Limited disclosed to the stock exchanges on June 4, 2026 that it has received a demand order from the Office of the Principal Commissioner of Customs (Preventive), Kolkata, West Bengal, for an aggregate amount of Rs 1.64 crore. The order was received via email on June 3, 2026.
The demand comprises Rs 0.82 crore in duty under Section 28(4) of the Customs Act, 1962, and a penalty of Rs 0.82 crore under Section 114A of the Customs Act, 1962. The order relates to a preferential tariff exemption that Eicher Motors claimed on the import of goods for a single shipment during 2020.
Eicher Motors made the disclosure under Regulation 30 read with Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company informed BSE Limited and the National Stock Exchange of India Limited of the development.
Based on an internal assessment, Eicher Motors said the demand is not maintainable. Eicher Motors is evaluating all options, including filing an appeal against the order before the relevant appellate authority.
Eicher Motors stated that it does not envisage any relevant impact on its financials, operations, or other activities as a result of this order. The company secretary, Atul Sharma, signed the regulatory filing submitted to the exchanges.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.