Honeywell Automation India Ltd. Receives Order from Dubai Customs

Team Finance Saathi

26/Dec/2024

What's covered under the Article:

Honeywell Automation India Ltd. receives an order from Dubai Customs for customs duty and penalty.
SEBI disclosure requirements and financial impact of the order.
Details about the penalty and payment procedure.

Honeywell Automation India Ltd. Receives Order from Dubai Customs

On December 25, 2024, Honeywell Automation India Ltd. received an official demand notice from Dubai Customs for the payment of customs duty and a penalty totaling AED 301,791 (approximately INR 70,04,569). The company has provided a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in line with the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Details of the Disclosure:

Authority Involved: Dubai Customs.
Nature of Action: A case management demand notice for customs duty and a penalty.
Date of Receipt: December 25, 2024.
Details of Violation: The company is required to pay customs duty and a penalty aggregating to AED 301,791 for alleged violations of Dubai Customs laws.
Impact on Financials and Operations: The company reports that there is no material impact on its financials, operations, or other activities. The penalty will be paid in accordance with the guidelines and time limits prescribed by Dubai Customs.

Honeywell Automation has emphasized that the penalty payment will be made within the prescribed timeframe, and the company does not expect any adverse effects on its operations or financial position due to this order.

For More Information:

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Anya Polytech and Unimech Aerospace.

For more details on upcoming IPOs, you can visit our page at and stay updated with the latest news on IPO updates on . Join our for regular Stock Market Trading and Investment Calls by - SEBI Registered Research Analyst & for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi Trading with CA Abhay Telegram Channel CA Abhay Varn Finance Saathi Telegram Channel Choice Broking FinX.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services

Honeywell Automation India Ltd. Receives Order from Dubai Customs

Related News

Disclaimer