Uno Minda’s subsidiary, Minda Westport Technologies Limited (MWTL), has received an order from the Principal Commissioner of Customs, New Delhi, concerning the alleged misclassification of imported components used in CNG system manufacturing. The order demands a total payment of ₹25.56 crore in tax, coupled with an equal amount in penalty, plus applicable interest. MWTL intends to challenge these findings by filing an appeal, and management currently foresees no material impact on its operations.
Customs Order Issued to MWTL
Uno Minda Limited has disclosed details regarding an order received by its subsidiary, Minda Westport Technologies Limited (MWTL). The order pertains to the alleged CTH/HSN misclassification of imported components utilized in the manufacturing of parts for vehicle CNG systems. The communication was officially received by MWTL on March 27, 2026, at approximately 04:35 P.M. (IST).
Monetary Demand Details
The customs authority has demanded MWTL pay a significant sum based on the findings. The breakdown of the demand is as follows:
- Tax Demand: Rs. 25,56,79,094/-
- Penalty Imposed: Rs. 25,56,79,094/-
- Interest: As Applicable
The violation alleged is the improper classification of imported goods, leading to the demand detailed above.
Company Stance and Appeal Plans
MWTL has formally stated its disagreement with the findings outlined in the received Order. Consequently, the subsidiary plans to file an appeal against the decision to contest the levied demands. The Company management has assessed the situation and stated that it does not foresee any material impact on its financial, operational, or other activities as a result of this order at the present time.
Source: BSE
