Thermax Ltd. Receives Assessment Order from Customs Authority
Thermax Limited announced it has received an assessment order from the Office of the Principal Commissioner of Customs, Ahmedabad, on April 1, 2026.The order relates to a penalty demand of ₹1.52 crores plus applicable interest. The demand stems from customs duty and Integrated Goods and Services Tax (IGST) assessed against damage to plant and goods resulting from a fire incident at the company's SEZ facility in Dahej in 2020.
Thermax stated it intends to file an appeal challenging the demand. The company believes this matter will have an impact on its financial and operational activities.
Details of the Assessment Order
| Detail | Particulars |
|---|---|
| Authority | Office of Principal Commissioner of Customs, Ahmedabad |
| Amount | ₹1.52 crores plus applicable interest |
| Date Received | April 1, 2026 |
| Reason for Demand | Customs duty and IGST related to damage from a 2020 fire incident in Dahej |
| Appeal | The company will file an appeal |
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