Business Update7 May 2026, 07:51 pm
Gandhar Oil Receives ₹22.92 Cr Customs Refund Order
AI Summary
Gandhar Oil Refinery (India) Ltd has received a favorable order from the Office of the Assistant Commissioner of Customs (Appeals), Mumbai Customs Zone – I, sanctioning a refund claim of ₹22,92,06,499. The refund pertains to two claims filed by the company for the period 2018-19 and 2019-20. The order, dated April 30, 2026, was received on May 6, 2026, and is expected to augment the company's working capital.
Key Highlights
- Gandhar Oil receives favorable customs order for ₹22.92 Cr refund.
- Refund relates to claims filed for fiscal years 2018-19 and 2019-20.
- Order received from Assistant Commissioner of Customs (Appeals), Mumbai.
- The refund will positively impact the company's working capital.