D-Link India Receives ₹6.11 Crore Customs Demand Over Royalty Valuation Dispute
D-Link (India) Limited disclosed receiving a customs adjudication order demanding ₹6.11 crores for alleged violations related to excluding royalty payments from assessable value. The company has made a voluntary payment of ₹1 crore against the demand and states no material impact on operations beyond this specific matter.
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D-Link (India) Limited has informed stock exchanges about receiving a customs adjudication order that demands ₹6.11 crores for alleged violations related to royalty payments and customs duty calculations. The disclosure was made under Regulation 30 of SEBI listing regulations on January 20, 2026.
Customs Authority Action
The Office of the Commissioner of Customs (Adjudication), Mumbai issued the order on January 16, 2026, which the company received via email on January 19, 2026. The adjudication order addresses alleged violations concerning the failure to include royalty payments made to the parent company in the assessable value, resulting in short payment of customs duty.
Nature of Alleged Violations
The adjudicating authority determined that royalty payments made by D-Link India to D-Link Corporation should be included in the assessable value of certain imported licensed products. The order alleges that the company excluded these royalties from the transaction value, thereby violating Section 14 of the Customs Act, 1962, read with Rule 10(1)(c) of the Customs Valuation Rules, 2007.
Financial Impact and Demand Details
The customs demand and company's response present the following financial picture:
| Parameter: | Amount |
|---|---|
| Total Demand: | ₹6,11,49,700.00 |
| Includes: | Fines and penalties |
| Excludes: | Interest charges |
| Voluntary Payment Made: | ₹1,00,00,000.00 |
| Net Outstanding: | ₹5,11,49,700.00 |
During the investigation process, D-Link India made an ad-hoc voluntary payment of ₹1 crore, which has been allowed for appropriation against the total demand.
Company's Position
D-Link India has stated that there is no material impact on the company's operations, financial position, or other activities, except for the specific matter detailed in the customs order. The company has fulfilled its regulatory disclosure obligations by informing both BSE and NSE about the adjudication order as required under SEBI listing regulations.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Shrinivas Adikesar signed the regulatory filing, ensuring compliance with stock exchange notification requirements.
Historical Stock Returns for D-Link
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.64% | +1.54% | -1.11% | -3.41% | -12.04% | 0.0% |
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