Voltas receives ₹24.81-crore customs duty notice

Home appliances major Voltas Ltd is under the lens of customs authorities after being served a show cause notice for alleged short payment of import duties worth ₹24.81 crore.

The notice, dated April 1, 2025, was issued by the Office of the Commissioner of Customs (NS-III) at the Jawaharlal Nehru Customs House in Nhava Sheva, Raigad, Maharashtra.

It alleges that Voltas underpaid customs duties on certain imported items and seeks to know why the amount — along with applicable interest and penalties — should not be recovered from the company under provisions of the Customs Act, 1962.

Voltas informed the stock exchanges on April 16 that it had received the notice and was currently reviewing the matter.

Source: CNBC TV18