**Everest Kanto Cylinder (EKC) Update:** Customs has raised a demand of ₹66.29 Lakhs in differential duty and a matching penalty of ₹66.29 Lakhs (plus interest) related to imported raw material classification.

The total disputed amount is approximately ₹1.33 Cr. **The Issue:** Customs reclassified EKC's imported goods, claiming they fall under a different tariff item, which would incur higher duties. **Impact for Investors:** Despite the amount, EKC has stated there's "no material impact" on its financial results or operations.

This is a key point to note. **EKC's Response:** The company will appeal this order to the Customs Tribunal (CESTAT), based on legal counsel and the merits of the case.