BSECompany Update6 Aug 2026 · 6 Aug 2026, 09:05 pm

Intimation of receipt of final order from CESTAT, Bangalore.

Mukka Proteins Ltd · 544135

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Mukka Proteins Ltd has received a final order from CESTAT, Bangalore, setting aside the demand of customs duty, interest, redemption fine, and penalties amounting to ₹15,24,30,536, with consequential relief.

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Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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Mukka Proteins Ltd - 544135 - Intimation Of Receipt Of Final Order From CESTAT, Bangalore.

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Date: 06-08-2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Listing Department Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051 Mumbai-400001 Scrip Code: MUKKA Scrip Code: 544135 Dear Sir/Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received Final Order Nos. 20934–20937/2026 dated 24th June 2026 passed by the Hon'ble Customs, Excise & Service Tax Appellate Tribunal ("CESTAT"), Bangalore Regional Bench, in the customs appeals filed by the Company and other appellants against the Order-in-Original dated 30th April 2024 passed by the Commissioner of Customs, Mangalore. The detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A. This is for your information and records. Thanking you, For Mukka Proteins Limited Mehaboobsab Mahmadgous Chalyal Company Secretary & Compliance Officer Membership No.: A67502 Encl: as above. Annexure – A Sr. No. Particulars Details 1. Name(s) of the opposing Commissioner of Customs, Mangalore. The appeal has been party, court/ tribunal/agency decided by the Hon'ble Customs, Excise & Service Tax where litigation is filed Appellate Tribunal (CESTAT), Bangalore Regional Bench. 2. Brief details of The litigation pertained to the valuation of imported fish meal dispute/litigation and the consequential demand of differential customs duty, interest, redemption fine and penalties. The Company imported fish meal during the period from September 2014 to October 2015 under the Advance Authorisation Scheme. The Customs Department alleged undervaluation and misdeclaration of the imported goods and issued a Show Cause Notice dated 19.12.2017. The initial adjudication order dated 24.07.2019 confirming the demand of duty, confiscation, redemption fine and penalties was set aside by the Customs, Excise and Service Tax Appellate Tribunal ("CESTAT") vide Final Order dated 03.03.2022 and the matter was remanded for fresh adjudication. Pursuant to the remand, the Commissioner of Customs, Mangalore, vide Order-in-Original dated 30.04.2024, again confirmed the proposals contained in the Show Cause Notice. Aggrieved by the said order, the Company and three other appellants preferred appeals before the CESTAT. Vide Final Order Nos. 20934–20937/2026 dated 24.06.2026, the CESTAT set aside the Order-in-Original claiming the aggregate fixed and quantified amount ₹15,24,30,536 together with the unquantified interest and corresponding interest- linked Section 114A penalty, holding that the Department had failed to establish undervaluation with cogent evidence and that the demand was not sustainable. Accordingly, the demand of customs duty, interest, redemption fine and penalties was set aside, and all four appeals were allowed with consequential relief in accordance with law. The Company may also be entitled to seek consequential refund of the ₹75,00,000 appropriated under the Order-in-Original, subject to the applicable statutory procedure. 3. Date of receipt of order The order was uploaded by the Authority on their website and came to the knowledge of the Company on 6th August 2026 at 11:00 a.m. 4. Expected financial Pursuant to the order of the Hon'ble CESTAT, the demand of implications, if any, due to customs duty, interest, redemption fine and penalties compensation, penalty etc. confirmed under the Order-in-Original dated 30th April 2024 has been set aside. The Company is entitled to consequential relief, if any, in accordance with law. 5. Quantum of claims, if any The Hon'ble CESTAT has set aside the entire demand of customs duty and interest, redemption fine and penalties and has allowed all four appeals with consequential relief. Accordingly, the quantified claim of ₹15,24,30,536, together with the unquantified interest and corresponding interest- linked Section 114A penalty, no longer subsists pursuant to the Tribunal’s order, subject to any further appeal or proceedings initiated by the Department.