RELIANCEReliance Industries Limited
Reliance Industries receives a customs order levying ₹18.75 lakh in fine and penalty and plans to appeal
- Legal
- Refineries
Reliance Industries Limited has told the exchanges on 7 Oct 2026 that it has received an order dated 6 Oct 2026 from the Joint Commissioner of Customs (Import), ACC, Mumbai, levying a redemption fine and penalty totalling ₹18,74,978 under the Customs Act, 1962. The order alleges that the company paid a lower customs duty by classifying imported goods incorrectly in a Bill of Entry.
The company intends to appeal against the order. It says the financial impact is limited to the fine and penalty levied and that there is no impact on its operations or other activities.
Inference
The amount is very small for a company of this size, and the company states that nothing else is affected. An appeal is planned, so the order is not final.
Reference: Original filing (PDF)
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