Brainbees Solutions Faces ₹6.57 Crore Customs Duty Demand; Company to Challenge Order

1768474966010.webp
Pune, January 15, 2026: Brainbees Solutions Limited (NSE: FIRSTCRY, BSE: 544226), the operator of the FirstCry platform, has received an adjudication order related to customs duty claims amounting to ₹6.56 crore, arising from imports made under a concessional duty framework.

Details of the Order and Financial Exposure​

The order, dated January 13, 2026 and received by the company on January 14, 2026, pertains to alleged procedural lapses linked to documentation requirements for the country of origin of imported goods. The demand aggregates to ₹6,56,58,134, comprising duty, penalties, and redemption fines.

Break-up of the Demand​

ParticularsAmount (₹)
Differential customs duty2,13,29,067
Redemption fine1,15,00,000
Penalty (Component 1)2,13,29,067
Penalty (Component 2)1,15,00,000
Total Demand6,56,58,134

Impact on Business Operations​

Brainbees stated that, except for the financial exposure outlined above, the order does not have any material impact on its operations or overall business activities. The company emphasised that the issue relates to procedural aspects rather than core operational or commercial practices.

Source:
 

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.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Back
Top