Gandhar Oil Refinery Secures Rs 17.69 Crore Refund from Customs Authority
Gandhar Oil Refinery (India) Limited has received a favorable order from the Office of the Commissioner of Customs (Imports - II), sanctioning a substantial refund claim. The order pertains to the company’s refund filed for the period 2017-18 under Section 27 of the Customs Act, 1962.The company announced that the Customs authority has sanctioned a refund amount of Rs. 17,69,43,960 /- in a department order.
The core details of the refund sanction are as follows:
| Particulars | Details |
|---|---|
| Authority Issuing Order | Office of the Commissioner of Customs (Imports - II), Zone - I, Mumbai |
| Order Number | 48/MT/DC/CRARS/2026-27 |
| Sanctioned Amount | Rs. 17,69,43,960 /- |
| Claim Period | 2017-18 |
| Legal Basis | Section 27 of Customs Act, 1962 |
| Order Date Details | The original order was dated May 25, 2026, and received at the company’s office on May 29, 2026. |
The company stated that the refund claim was found admissible by the department. Gandhar Oil Refinery noted that the order received in its favor is expected to augment the company's working capital.
GANDHAR Stock Price Movement
On Friday, Gandhar Oil Refinery (India) Limited shares slipped by 4.24% to settle at ₹155.97. The stock experienced selling pressure across the session, concluding trading on a volume of 605,478 shares.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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