ABB India Limited Faces Customs Order, Plans Appeal
ABB India Limited announced it received an order from the Commissioner of Customs, APACC, Bengaluru, on April 1, 2026. The order pertains to the misclassification of goods and a contravention of the Customs Act, 1962.The company has been assessed a penalty of Rs. 3,55,73,125 and a redemption fine of Rs. 11,00,00,000. ABB India Limited intends to file an appeal against the order and anticipates a favorable outcome at the appellate level. The company does not foresee a material impact on its operations.
Details of the Customs Order
The following table summarizes key details of the order:
| Detail | Information |
|---|---|
| Authority | Commissioner of Customs, APACC, Bengaluru |
| Nature of Action | Misclassification of goods and contravention of the Customs Act, 1962 |
| Date of Receipt | April 01, 2026 (Order dated March 26, 2026) |
| Potential Impact | The company does not reasonably expect the order to have a material impact. |
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