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Apollo Tyres Receives Rs 14.34 Lakh Customs Penalty Over HSN Classification Dispute

Apollo Tyres Receives Rs 14.34 Lakh Customs Penalty Over HSN Classification Dispute

Apollo Tyres Ltd has disclosed receiving a customs penalty of Rs 14.34 lakh from the Joint Commissioner of Customs, Chennai, over an HSN classification dispute. The order was received on April 16, 2026, and the company plans to file an appeal before the Appellate Authority. According to the regulatory filing, there is no material impact expected on the company's financial, operational, or other business activities from this penalty.

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