Reliance Industries Faces Customs Order, Plans Appeal
Reliance Industries Limited announced it received an order from the Additional Commissioner of Customs, Mundra, levying a redemption fine and penalty totaling Rs. 17,06,958. The order, dated March 16, 2026, alleges the company discharged a lesser customs duty due to the incorrect classification of imported goods in a Bill of Entry.The company received the order via email on March 17, 2026, at 09:49 a.m. (IST). Reliance Industries intends to file an appeal against the order.
The financial impact of the order is limited to the levied redemption fine and penalty amount. According to the company, the order has no impact on its operations or other activities.
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