Branch2 Intelligence
Maruti Suzuki faces ₹9.5-crore customs duty demand; stock slides 1.65%
Key takeaway
Maruti Suzuki faces ₹9.5 crore customs duty demand from Indian authorities, stock down 1.65%.
- Step 11st-order: Indian customs issues ₹9.5 crore duty demand to Maruti Suzuki for alleged misclassification of imported parts.
- Step 22nd-order: Maruti's stock declines 1.65% as market prices in regulatory risk and potential for similar demands on other imports.
- Step 33rd-order: Other auto OEMs with similar import practices may face increased scrutiny, raising compliance costs across the sector.
Source: IN:The Hindu BusinessLine
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