Regulatory Disclosure Summary
Order Details
- Type of Communication: Order passed by Commissioner of Customs, Ahmedabad, Gujarat
- Date of Receipt: October 12, 2026
- Issuing Authority: Office of the Principal Commissioner of Customs, Ahmedabad, Gujarat
- Applicable Period: May 2024 to August 2025
Material Contents
The Customs Authority has issued an order confirming demand of additional customs duty on import of ATF (Aviation Turbine Fuel). The order includes demand of duty of customs along with interest, fine and penalty.
Financial Implications
The company has stated that there is no significant impact on financials, operations or other activities of the Company from this order.
Penalty Details
The order imposes fine and penalty of INR 3,50,00,000/- (₹3.5 crore).
Company's Position and Action
The Company believes that it has correctly deposited the duty and that its case has merit. Accordingly, the Company will contest this order before appropriate appellate authority and shall take appropriate legal remedies against the aforesaid order.
Disclosure Timing
The delay in disclosure was unintentional and was caused due to a delay in internal communication of details pertaining to receipt of the Order.