Maruti Suzuki faces ₹3.8 crore customs duty demand. Here's why
Maruti Suzuki India on Wednesday said it has received a show cause notice from customs authority demanding payment of differential duty of over ₹3.8 crore.
According to a regulatory filing, the company has received a show cause notice from the Office of the Commissioner of Customs (Import), Air Cargo Complex, Mumbai.
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998 cc
Petrol
60 kWh
550 Km"In this show cause notice, the authority has asked the company to provide the reasons for claiming custom duty exemption on the import of certain category of goods and to pay the differential duty of ₹3,81,37,748 along with applicable interest and penalty," it said.
There is no major impact on financial, operation or other activities due to this notice, the company added. Shares of the company were trading 0.34 per cent higher at ₹12,206.85 apiece on the BSE.
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