Customs Department Levies ₹97.6 Lakh Tax and Penalty Order on Uno Minda

Uno Minda Limited has received an official assessment order from the Office of the Commissioner of Customs demanding payment for unpaid anti-dumping duties related to the import of industrial machinery. The regulatory disclosure, submitted to the domestic stock exchanges on June 17, 2026, outlines an aggregate monetary demand of 97.62 lakh rupees. The order was finalized and delivered to the tier one automotive component supplier by the Additional Commissioner of Customs from the Jawaharlal Nehru Custom House located in Nhava Sheva, Maharashtra.

A detailed breakdown of the fiscal demand shows that the customs authority has levied a baseline tax and duty differential amounting to 48.81 lakh rupees. In addition to the primary duty requirement, the administrator has imposed an equal penalty of 48.81 lakh rupees. The company is also liable to pay accrued interest on the overdue duty amount, calculated in accordance with the statutory provisions of Section 28AA of the Customs Act, 1962. The official communication was recorded at the manufacturer's corporate office on June 17, 2026, at approximately 10:39 AM.

An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports when it believes that the goods are being "dumped" into the local market. Dumping is an international trade practice where a company exports a product to another country at a price that is significantly lower than the price it charges in its own home market, or lower than its actual cost of production.

Addressing the legal development, the company executive management stated its intention to formally contest the customs order through appropriate appellate channels based on the legal merits of the underlying transaction. Uno Minda noted in its compliance filing that it does not foresee any material impact arising from the financial penalty on its ongoing production operations, localized manufacturing schedules, or wider corporate revenue streams.