Intimation of receipt of final order from CESTAT, Bangalore.
REGULATORY
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 Aug 2026, 09:05 PM IST · BSE ID: 25f322b0-23c5-49c6-8939-6f9a868010ce
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax tribunal has cancelled a ₹15.24 crore customs duty demand against Mukka Proteins, stating insufficient proof of undervaluation.
🤖 AI Summary
- CESTAT set aside a ₹15,24,30,536 customs duty demand on Mukka Proteins.
- The dispute involved valuation of imported fish meal from September 2014 to October 2015.
- The tribunal ruled the department lacked cogent evidence to prove undervaluation.
- All four appeals filed by the company and other appellants were allowed.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Aggregate fixed and quantified amount set aside by CESTAT
₹15,24,30,536
Amount potentially eligible for refund
₹75,00,000
Order-in-Original Date
30th April 2024
CESTAT Final Order Date
24th June 2026
🏢 How This Affects the Company
The resolution of this long-standing customs dispute removes a significant potential financial liability, allowing for clearer financial planning and operational focus.
The setting aside of the ₹15,24,30,536 demand, interest, and penalties favourably impacts the company's potential liabilities and cash flow by preventing this outflow.
This ruling reduces regulatory and litigation risk associated with past import activities, enhancing the company's risk profile.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this regulatory update.
👤
Who Is Affected
All shareholders are indirectly affected by the removal of a significant potential financial liability.
🔍
Management Signal
This outcome demonstrates management's effective navigation of complex tax litigation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of any refund process for ₹75,00,000.
Future filings on any significant consequential relief obtained.
Next quarterly financial results for impact analysis.
LOW RISK
The company has received a favourable final order from CESTAT, significantly reducing litigation risk.
💡 Investor Takeaway
Mukka Proteins' appeals were allowed as CESTAT set aside ₹15,24,30,536 customs duty demand due to lack of evidence of undervaluation. Company may seek refund of ₹75,00,000.
⚖️ Strengths & Concerns
✅ Positives
- CESTAT order vacated ₹15,24,30,536 customs duty demand, interest, and penalties.
- Tribunal found the department failed to establish undervaluation with cogent evidence.
📅 Company Track Record
Previously, a ₹7,54,55,608 excess stock addition was sustained in an Income Tax appeal for Mukka Proteins. This CESTAT order pertains to customs duty on imported fish meal.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was the total customs duty and penalty amount set aside by CESTAT for Mukka Proteins?
The Hon'ble CESTAT set aside an aggregate fixed and quantified amount of ₹15,24,30,536, including customs duty, interest, redemption fine, and penalties.
What period did the disputed customs litigation for Mukka Proteins cover?
The litigation pertained to the valuation of imported fish meal during the period from September 2014 to October 2015.
What was the reason for the CESTAT's decision in favour of Mukka Proteins?
The CESTAT held that the Department had failed to establish undervaluation with cogent evidence and found the demand unsustainable.
Is Mukka Proteins entitled to any refund from this CESTAT order?
Yes, the company may be entitled to seek consequential refund of the ₹75,00,000 appropriated under the Order-in-Original, subject to applicable procedures.
Questions based on this BSE filing only. For information purposes.