NUNureca543264Legal settlement news

Customs matter closed; pre-deposit of ~INR 57.13 lakh appropriated as differential duty and interest

Nureca received closure proceedings from the Commissioner of Customs (NS-V) in the DRI product-classification matter.

By ScoutQuest · Sat 17 Oct 2026, 6:49 PM IST · 1 min read

Pre-deposit Amount

~INR 57.13 lakh

Pre-deposit Treatment

treated as differential duty and applicable interest, adjusted against import liabilities

Matter Status

Matter stands closed

What the company said

• Nureca Ltd has informed the exchanges that it has received closure proceedings from the Commissioner of Customs (NS-V).
• This follows an earlier intimation dated May 24, 2026, about a hearing notice from the Directorate of Revenue Intelligence (DRI) on product classification under Section 108 of the Customs Act, 1962.
• The company had then made a pre-deposit of ~INR 57.13 lakh (Rupees Fifty-Seven Lakh Twelve Thousand Eight Hundred and Eleven only).
• The pre-deposit has now been considered as differential duty and applicable interest, and appropriated towards the liabilities arising out of the imports covered under the relevant Bills of Entry.
• With the liabilities discharged through this appropriation, the company states the matter stands closed.

Plain-language reading

• A pre-deposit is money paid upfront while a customs dispute is being heard.
• "Differential duty" means the extra duty the authorities said was payable because of how the imported product was classified.
• "Appropriated" means that money already paid has been adjusted against the duty and interest finally determined, so it is not being refunded or paid again.
• The case being closed means, as per this update, the liability arising from these Bills of Entry has been settled through that adjustment.

What it means for the numbers

• The cash outflow linked to this matter is the ~INR 57.13 lakh pre-deposit, which was already made earlier and is now adjusted.
• The update records the matter as closed, with the liability discharged through that appropriation.

What to keep in mind

• This is an update on an existing matter, not a new demand or a new payment.
• The closure removes the open item relating to these imports; the amount involved is ~INR 57.13 lakh.

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