Dabur India Limited announced that an Order received from the Commissioner of Customs (Prev.), Patna. The details of the above Order as required under Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are as follows: Name of the authority: The Commissioner of Customs (Prev.), Patna.
Nature and details of the action(s) taken, initiated or order(s) passed: A total demand of INR 44.2 million has been confirmed: - Tax Demand u/s 28(4) of the Customs Act, 1961 - INR 10.60 million; Interest u/s 28AA- as applicable (not quantified in order); Penalty u/s 114A & 114AA - INR 21.1 million; and Fine u/s 125(2) - INR 12.5 million. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: December 05, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: The Company has received a Demand Order, details of which are mentioned in point no.
2 above. The order issued by Ld. Commissioner is related to IGST on import of goods for the period from June, 2019 to April, 2024.
Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The Company will challenge the order on strong merits and is likely to get a favorable outcome in higher forums: There is no impact on the financial operations and other activities of the Company due to this order. The impact (if any) will be limited to the extent of final demand towards tax as may be ascertained along with applicable interest and penalty, if any.