BORORENEWBOROSIL RENEWABLES LIMITED
Borosil Renewables Gets Customs Order With ₹14.14 Crore Goods Confiscated, ₹30 Lakh Redemption Fine
- Legal
- Solar Glass
Borosil Renewables Limited has told the exchanges that the Additional Commissioner of Customs (NS-V) at Jawaharlal Nehru Custom House, Nhava Sheva, passed an order on 15 Oct 2026, received by the company on 16 Oct, on a part of the plant and machinery it is importing for its new solar glass manufacturing project. The authority did not accept the declared description and classification of the goods.
The order confiscated the seized goods, valued at ₹14,14,43,335, under Section 111(m) of the Customs Act, 1962, with an option to redeem them by paying a fine of ₹30,00,000. It also imposed a penalty of ₹30,000 under Section 112(a)(ii) and a penalty of ₹30,00,000 under Section 114AA. The alleged violation is classifying the imported capital goods under an incorrect customs tariff item.
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