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Note: These are AI-generated, educational summaries of public NSE
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Verify against the original filing and consult a SEBI-registered adviser before acting.
22 announcements match the current filters (relevance ≥ 5).
Hitachi Energy India Receives INR 9.31 Crore Customs Duty and Penalty Order
Hitachi Energy India Limited has received an order from the Commissioner of Bangalore City Customs demanding a total of approximately INR 9.31 crore. The demand includes a duty of INR 3.15 crore, a redemption fine of INR 3.00 crore, and a penalty of INR 3.15 crore, plus unquantified interest. The order relates to alleged non-compliance with Section 46 of the Customs Act regarding the filing of Bills of Entry. The company has expressed its intention to contest the order before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT).
Key Highlights
Total quantifiable demand of INR 9.31 crore plus unquantified interest charges.
Duty demand of INR 3,15,40,918 and an equivalent penalty of INR 3,15,40,918.
Redemption fine of INR 3,00,00,000 imposed under Section 125 of the Customs Act, 1962.
Allegations involve failure to truthfully declare particulars in Bills of Entry as per Section 46.
The company plans to appeal the decision at the appellate tribunal (CESTAT).
👀 What to Watch
Investors should monitor the outcome of the company's appeal at the CESTAT, as a reversal could mitigate the financial impact. While the amount is significant, it is unlikely to materially impact the long-term operations of a company of this scale.
POWERINDIA: GST Order Demands ₹9.92 Crore Tax & Penalty
Hitachi Energy India Limited (POWERINDIA) received an order from the Deputy Commissioner State Tax, Lucknow, regarding GST audit findings for FY 2021-22. The order demands ₹9,02,10,392 in GST and a penalty of ₹90,21,037, plus interest. The company believes the demand is unjustified and plans to appeal. Investors should monitor the progress of this legal challenge and its potential impact on the company's financials.
Key Highlights
GST demand of ₹9,02,10,392
Penalty of ₹90,21,037
Order relates to FY 2021-22 GST Audit
Order No. ZD091225178112I dated 10.12.2025
👀 What to Watch
Investors should monitor updates on the company's appeal against the GST order. Any material impact on financials due to this order could affect the stock price.
