GE Vernova T&D India Customs Penalty Demand

GE Vernova T&D India received a customs order imposing a total demand of INR 17.65 lakhs for duty short-levy, penalty, and redemption fine.
The order dated April 4, 2026, was received on April 6, 2026, and relates to goods imported at an incorrect concessional customs duty rate.
The company states the order will have no material financial or operational impact, with the financial effect limited to the order amount.