Bharat Heavy Electricals Hit with Fiscal Penalty of Rs 3,85,729 by Customs Authority
Bharat Heavy Electricals Limited (BHEL) has received an order from the Office of the Principal Commissioner of Customs regarding a fiscal penalty related to customs duty procedures. The company faces a total fiscal implication amounting to Rs 9,28,872/- following the imposition of fine and penalty by the enforcement authority.The action was taken by the Office of the Principal Commissioner of Customs (Air-Cargo), New Customs House, Chennai Commissionerate, Air Cargo Complex, Meenambakkam 600 016. The order, dated 24.07.2026 and bearing Order In Original No. 2017/2026, concerns the wrong availment of Basic Customs duty.
According to details provided by BHEL, the customs authority imposed various charges following the receipt of the company's communication on 29-07-2026. The demands include Differential Duty, Interest, and Penalty & Fine.
The details of the action taken against Bharat Heavy Electricals Ltd. are summarized below:
| Financial Component | Amount (Rupees) |
|---|---|
| Penalty and Fine | 3,85,729.00 |
| Differential Duty | 3,55,728.18 |
| Interest as on 29.07.2026 | 1,87,415.15 |
The total fiscal implication of the order stands at Rs 9,28,872/- (Rupees Nine Lakhs Twenty-Eight Thousand Eight Hundred Seventy-Two Only), which includes the imposed penalty and interest. The wrong availment specified in the communication relates to using Customs duty code 9026 instead of 9032.
BHEL has stated that the order is currently appealable, and the company will conduct an internal assessment to exercise its right to appeal against the decision.
BHEL Stock Price Movement
As of 3:05 PM, shares of Bharat Heavy Electricals Limited are gaining, trading at ₹408 after a ₹5.00 rise, representing a 1.24% jump in live trading. The stock moves confidently within its intraday range, with volume reaching 5.30 million as BHEL tests the band between a low of ₹406 and a high of ₹412.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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