Rashi Peripherals' ₹2.15 crore customs duty demand confirmed
- Legal
Reviewed byRachit TripathiBlacklitt Research
Rashi Peripherals (NSE: RPTECH) has received an order from the Principal Commissioner of Customs (Import), Mumbai, confirming a customs duty demand of ₹2.15 crore including penalty, along with applicable interest, it said in a filing on 04 Nov 2026. The order partially dropped a differential duty demand of ₹87.43 lakh and sets a reduced penalty if the duty and interest are paid within thirty days.
Order confirms part of the Show Cause Notice demand
The Show Cause Notice (SCN No. 118/2026-27, dated 25 May 2026) alleged that the company had made a wrong classification of goods imported and was liable to pay additional customs duty, with penalty and interest, under Section 28(4) of the Customs Act, 1962. The order dated 3 Nov 2026 drops part of the differential duty demand, of ₹87.43 lakh, and confirms the rest.
The confirmed amount is ₹2.15 crore, including penalty, along with applicable interest. It comprises a differential duty demand of ₹1.08 crore and a penalty under Section 114A of ₹1.08 crore.
A reduced penalty if paid within thirty days
The order states that if the duty and interest are paid within thirty days from the date of the order, the penalty payable is reduced to 25.0% of the duty. The reduced penalty must also be paid within the same thirty days.
The company is in discussion with its legal advisors about filing an appeal before CESTAT against the order. It says the demand will be classified as a contingent liability in its financial statements.
What the customs order means for Rashi Peripherals' shareholders
The order confirms a demand of ₹2.15 crore, including penalty, against a company with a market value of ₹5,558 crore at the 04 Nov 2026 close. The filing does not say how much interest is payable, whether the company will pay within the thirty-day window to take the reduced penalty, or when an appeal will be filed.
The next dated step is the thirty-day period from the date of the order, which runs from 3 Nov 2026.
At a glance
| Item | Detail |
|---|---|
| Authority | Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Andheri (East), Mumbai |
| Order date | 3 Nov 2026 |
| Show Cause Notice | SCN No. 118/2026-27, dated 25 May 2026 |
| Confirmed demand | ₹2.15 crore, including penalty, along with applicable interest |
| Differential duty confirmed | ₹1.08 crore |
| Penalty under Section 114A | ₹1.08 crore |
| Differential duty dropped | ₹87.43 lakh |
| Reduced penalty | 25.0% of duty if duty and interest are paid within thirty days |
Filed with NSE on . Reference: Original filing (PDF)
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