Manali Petrochemicals Ltd

📈 Manali Petrochemicals Wins Key Customs Duty Case: Rs. 3.83 Crore Demand Overturned

- CESTAT issued favorable final order on April 1, 2026 (dated March 23, 2026)

- Customs duty demand of ₹3.83 crore plus interest from July 2019 overturned

- Dispute involved import classification of Quicklime

- CESTAT upheld company's classification under CTI 2522 1000 (not CTI 2825 9090)

- Decision based on calcium oxide purity of 91%-95% (below 98% threshold)

- Customs duty demand entirely set aside, resulting in no liability

- Company assessing financial impact of reversing provision for this duty