Apollo Tyres has received an order from the Joint Commissioner of Customs demanding Anti-Dumping Duty (ADD) and imposing a consequential penalty and fine of Rs 12.69 lacs. The company disputes the order, which concerns an alleged short payment of ADD. Apollo Tyres plans to appeal the order before the Appellate Authority in due course. According to the company, this will not have material impact on finances.
Customs Order Received
Apollo Tyres has been served an order by the Joint Commissioner of Customs, Nhava Sheva, on October 27, 2025, demanding Anti-Dumping Duty (ADD). The order also includes a consequential penalty and fine amounting to Rs 12.69 lacs.
Details of the Dispute
The dispute relates to an alleged short payment of Anti-Dumping Duty. Apollo Tyres disputes the alleged violation and intends to contest the order. The company is preparing to file an appeal before the Appellate Authority.
Impact Assessment
Apollo Tyres has stated that the order is not expected to have a material impact on its financial condition, operations, or other activities. The company is pursuing legal avenues to challenge the customs order and mitigate potential liabilities.
Source: BSE
