Havells India Limited has been served an Order dated March 13, 2026, by the Commissioner of Customs concerning imports made between May 2020 and July 2023. The order raises a total demand of ₹2,02,36,992, split equally between Customs Duty (₹1,01,18,496) and penalty (₹1,01,18,496), based on the classification of certain imported goods. The company believes the demand is not legally sustainable and plans to file an appeal, stating there will be no material impact on financials or operations.
Customs Authority Issues Import Order
Havells India Limited disclosed receipt of an official Order from the Commissioner of Customs, ICD TKD -Import, New Delhi, on March 20, 2026. This directive stems from an investigation related to import activities spanning the period from May 2020 to July 2023.
Details of Demand Raised
The core of the order involves a total monetary demand amounting to ₹2,02,36,992. This figure is strictly broken down into two equal components:
- Customs Duty Demand: ₹1,01,18,496
- Penalty Imposed: ₹1,01,18,496
The basis for this action relates to the classification of certain imported goods during the specified time frame.
Company’s Response and Outlook
Havells India, in consultation with its internal tax advisors, has expressed a strong opinion that the demand levied under this Order is not sustainable in law. Consequently, the Company intends to challenge the directive by filing an appeal under the applicable provisions of the Customs Act. Importantly, management has assessed that this specific order will have no material impact on the company’s financials, operations, or other core activities.
Source: BSE
