Voltas Limited Faces Customs Order, Maintains No Material Impact
Voltas Limited announced that it received an order from the Office of the Commissioner of Customs on March 27, 2026, demanding payment of differential customs duty and a penalty. The order, dated March 20, 2026, pertains to the period from June 14, 2019, to July 21, 2022, and alleges mis-classification of imported goods.The company faces a customs duty demand of ₹ 10.76 crores, along with applicable interest, and a penalty of ₹ 12.76 crores, totaling ₹ 23.52 crores. Voltas is currently analyzing the order and intends to file an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).
According to the company, this order will not have a material impact on its financials, operations, or other activities.
| Particulars | Details | |
|---|---|---|
| 1 | Name of the Authority | Office of the Commissioner of Customs, Jawaharlal Nehru Custom House Nhava Sheva, Uran, Raigad, Maharashtra |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed. | By an Order dated 20 th March, 2026 (received on 27 th March, 2026), the Office of the Commissioner of Customs, Jawaharlal Nehru Custom House Nhava Sheva, Uran, Raigad, Maharashtra, has demanded payment of differential customs duty of ₹ 10,75,73,896/- along with applicable interest, and a penalty of ₹ 12,75,73,896/- under the relevant provisions of the Customs Act, 1962, alleging mis-classification of certain imported goods pertaining to the period from 14 th June, 2019 to 21 st July, 2022. |
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