Details of Authority and Order
The Company has received an Order-in-Original from the Office of the Commissioner of Customs (NS-V, JNCH), Maharashtra. The order was received on 06th July 2026.
Violation Allegations
The order alleges that the company committed violations related to payment of duties on imported goods at different rates than required. Specifically, the authority has determined that the company underpaid customs duties.
Financial Implications
The customs authority has demanded payment of:
- Differential duty amount: ₹4,73,94,938/- (approximately ₹4.74 crore)
- Penalty amount: ₹4,73,94,938/- (approximately ₹4.74 crore)
- Applicable interest (amount not specified)
Total immediate financial exposure: ₹9,47,89,876/- (approximately ₹9.48 crore) plus interest
Company Response and Stance
The Company has stated that it will challenge the order before the appropriate authority, indicating an intention to appeal or contest the demand.
Impact Assessment
The Company explicitly states: "There is no major impact on financial, operation or other activities of the Company due to this Order." This suggests the amount, while material, does not significantly affect the company's overall financial position or operations.