03-07-2025
- Automotive
- Business Upturn
Bosch faces customs duty and penalty demand of over Rs 96 crore over import classification dispute
By Aditya Bhagchandani Published on July 3, 2025, 15:54 IST
Bosch Limited has informed stock exchanges that it received an order from the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai, imposing a differential duty of ₹66.71 crore and a penalty of ₹29.57 crore.
The order, which Bosch received on July 2, 2025, pertains to disputes over the classification and duty benefits claimed on imports of specific components, including ECUs, Oxygen Nox sensors, and various other sensors.
According to Bosch, the customs authorities raised the following key points in their order: Wrongful availment of duty benefits under Notification No. 50/2017-Cus for imports of 'Rot Speed Sensor', 'Knock Sensor', and 'Phase Sensor'.
Incorrect classification of ECU, which should have been classified under a different tariff heading.
Incorrect classification of 'Oxygen Nox Sensor', which should also have been classified under another heading.
The total impact on Bosch amounts to ₹96.29 crore, combining the differential duty and penalty amounts. The company has not commented on whether it plans to challenge the order.
Bosch emphasized that it has disclosed the matter in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
The company assured that it will continue to keep stakeholders informed about any significant developments on the matter.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
