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Havells India Faces Customs Duty Order, Plans Appeal

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Havells India Faces Customs Duty Order, Plans Appeal

Confident Investing Starts Here:

The latest announcement is out from Havells India Limited ( (IN:HAVELLS) ).

Havells India Limited has received an order from the Additional Commissioner of Customs regarding a customs duty recovery of Rs.47,62,699/- for the period from April 2019 to October 2023. This order pertains to the HSN classification of certain imported components for lighting products. Despite this, the company states that there will be no material impact on its financials or operations and plans to appeal the order.

More about Havells India Limited

Havells India Limited operates in the electrical equipment industry, focusing on products such as lighting, cables, and consumer appliances. The company is a significant player in the Indian market, providing a wide range of electrical solutions.

YTD Price Performance: -9.89%

Average Trading Volume: 26,825

Current Market Cap: 941.9B INR

For detailed information about HAVELLS stock, go to TipRanks’ Stock Analysis page.

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