Exicom Tele-Systems , a prominent player in the telecom and electric vehicle charging infrastructure sector, has received a show cause notice from the Principal Commissioner of Customs, demanding Rs 14.49 crore in differential duty, interest, and penalties. The notice, dated September 30, 2025, alleges that the company mis-declared imported goods and wrongly claimed duty exemption.

Allegations and Demand Details

According to the customs authority, Exicom Tele-Systems allegedly mis-declared imported goods as 'Static Converters for Telecom' under CTH 85044090, claiming Basic Customs Duty (BCD) exemption under Sl. No. 4 of Notification No. 25/2005-Cus. dated March 1, 2005. The authority contends that these goods were actually meant for Electric Vehicle chargers, which are not eligible for the said exemption.

The show cause notice proposes:

1. Rejection of wrongly availed benefits
2. Recovery of Rs 14.49 crore in custom duty
3. Applicable interest and penalties
4. Potential confiscation of imported goods under the Customs Act, 1962

Company's Response and Outlook

Exicom Tele-Systems has 30 days from the receipt of the notice to respond to the Principal Commissioner of Customs. The company stated that based on its preliminary assessment, it believes the demand is not maintainable.

In its regulatory filing, Exicom Tele-Systems mentioned:

"The Company, based on preliminary assessment, believes that the demand is not maintainable. The Company is evaluating the matter and will submit its reply within the prescribed time period. At this stage, the Company does not envisage any material impact on its financials, operations or other activities."

Disclosure Delay Explained

Exicom Tele-Systems also addressed the delay in disclosing this regulatory notice to the stock exchanges. The company cited internal communication delays and public holidays as reasons for the late disclosure:

1. The notice was received after office hours on September 30, 2025.
2. October 1, 2025, was Mahanavmi, and October 2, 2025, was a national holiday (Gandhi Jayanti).
3. The notice was internally escalated to the Compliance Officer on October 3, 2025.

The company emphasized that the delay was inadvertent and not an intentional concealment, stating its commitment to timely disclosures and regulatory compliance.

As the situation unfolds, investors and stakeholders will be closely watching how Exicom Tele-Systems addresses these allegations and manages the potential financial implications of the customs duty demand.

Exicom Tele-Systems Limited , a leading manufacturer of EV charging and critical power solutions in India, has announced its support for Charger on Wheels, a mobile EV charging startup. This strategic move aims to address the challenges of grid readiness for EV charging setups in urban areas and accelerate the adoption of electric vehicles in India.

Partnership Details

The collaboration between Exicom and Charger on Wheels will focus on strengthening the latter's technology platform and scaling up mobile EV charging services. This initiative is expected to provide a capital-light solution to bridge the gap in EV charging infrastructure, particularly in areas with limited grid availability.

Addressing Urban Charging Challenges

Anant Nahata, Managing Director and CEO of Exicom, highlighted the importance of this partnership, stating, "Seamless charging infrastructure is crucial for EV adoption and we need newer formats that address the pain points of EV users. One such pain point is grid readiness for EV charging setup specially in urban areas. To solve this, we need a Capex-light solution that can serve this need. Mobile EV charging or Charger on Wheels can help bridge this gap."

Charger on Wheels' Progress

Anil Kumar, Founder of Charger on Wheels, revealed that the startup has already secured partnerships with leading developers for residential charging via mobile vans. This approach addresses the challenges posed by limited grid availability in urban India and fire safety norms that restrict EV chargers in basements.

Exicom's Expanding EV Ecosystem

This partnership is part of Exicom's broader strategy to strengthen the electric mobility ecosystem. The company has recently announced collaborations with:

• Germany-based Hubject for interoperability
• Ionage for an integrated Charger Management System
• Mufin Green Infra to provide turnkey solutions to customers

Exicom's Global Footprint

Exicom has established a significant presence in the EV charging market, with operations spanning across India, Southeast Asia, Middle East, US, and Europe. The company has sold over 133,000 chargers worldwide, positioning itself as a key player in shaping the global EV charging landscape.

Looking Ahead

As urban areas grapple with the challenges of implementing widespread EV charging infrastructure, innovative solutions like mobile charging units could play a crucial role in supporting the transition to electric mobility. Exicom's backing of Charger on Wheels represents a step towards more flexible and accessible charging options for EV owners in India's rapidly evolving electric vehicle market.