Customs authorities impose Rs 2.76 cr penalties on IndiGo; airline to attraction towards orders, ETCFO
New Delhi: Customs authorities have imposed penalties totalling over Rs 2.76 crore on IndiGo, which mentioned it should attraction towards the orders imposing fines. The Principal Commissioner of Customs, Ahmedabad, Gujarat, has slapped a penalty of Rs 2.20 crore whereas Principal Customs, Commissioner of Meenambakkam, Chennai, has imposed a high-quality of Rs 56,20,254 on the airline, in keeping with a regulatory submitting on Tuesday.
The communications concerning the penalties have been obtained by the airline from Ahmedabad and Meenambakkam authorities on Might 26 and Might 27, respectively.
Within the submitting, the airline mentioned the customs authorities have issued orders confirming the calls for for customs obligation.
The corporate believes that it has appropriately deposited the obligation and that its case has advantage. Accordingly, appeals are being filed earlier than the suitable appellate authority, the submitting mentioned.
Additional, InterGlobe Aviation, the mother or father of IndiGo, mentioned there isn’t any materials impression on financials, operations or different actions of the corporate.
Shares of InterGlobe Aviation declined almost 2 per cent to shut at Rs 5,313.15 on the BSE.
