
Tax & Penalty1 Jun 2026, 02:46 pm
Borosil Renewables Receives Show Cause Notice for ₹13.3 Cr
AI Summary
Borosil Renewables Ltd has received a Show Cause Notice dated May 15, 2026, under the Customs Act, 1962, from the Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Customs House, Nhava Sheva, Raigad, Maharashtra. The notice alleges short payment of custom duties amounting to ₹13.30 crores related to tariff classification of import of two capital goods items. The notice enquired why this amount should not be demanded with interest and penalty. The company is currently evaluating the matter and will submit its reply within the stipulated timeframe.
Key Highlights
- Borosil Renewables received a Show Cause Notice regarding customs duty.
- The notice alleges a short payment of ₹13.30 crores.
- The notice pertains to import of two capital goods items.
- The company is evaluating the matter and will respond in time.
Price Impact
More from BORORENEW