Carraro India Ltd

🔍 Carraro India Faces ₹15.2 Cr Tax Dispute Over Import Classification

- Carraro India received a Customs Show Cause Notice (SCN) on Sept 17, 2025, dated Sept 1, 2025.

- Dispute centers on IGST rate: Company applied 18%, Customs claims 28% for certain imports.

- Tax demand of ₹15.24 crore raised for alleged short levy (10% difference), plus interest/penalty.

- Company has 30 days from receipt (by Oct 17, 2025) to respond, will base reply on legal advice.

- Management confident of favorable resolution based on past precedents.

- No immediate operational or financial impact anticipated.