Hyundai Motor India (HMIL) has received an order from the Commissioner of Customs, Chennai-II (Imports), imposing a total demand of over ₹22 crore related to the import classification of air purifiers.
In a regulatory filing on Wednesday, the company said the customs authority has imposed differential duty of ₹7,27,44,961 along with applicable interest, a penalty of ₹7,27,44,961, and a redemption fine of ₹7,47,00,000.
According to the order, the air purifiers were allegedly misclassified to claim concessional customs duty of 7.5 per cent, resulting in short payment of customs duty.
The order was received by the company on April 21, 2026.
Hyundai Motor India said it is reviewing the order and evaluating options to file an appeal.
The company added that there is no impact on its financial, operational or other activities due to the order.
Source from: https://auto.economictimes.indiatimes.com/news/auto-components/hyundai-motor-india-hit-with-2202-crore-customs-duty-demand-over-air-purifier-classification/130438037
