Tax & Penalty7 Nov 2026, 04:51 pm
MRPL Receives Customs Order for ₹1.4 Lakhs Demand
AI Summary
Mangalore Refinery and Petrochemicals Ltd (MRPL) has received an order from the Additional Commissioner of Customs (Import), Mumbai. The order pertains to the import of materials by erstwhile ONGC Mangalore Petrochemicals Limited (OMPL) in 2021. The customs department has raised a demand of ₹1,39,871/- plus applicable interest and penalty, citing wrong classification of the imported product. MRPL is considering challenging the order after depositing the money.
Key Highlights
- Customs department issued an order against MRPL.
- Demand of ₹1,39,871/- plus interest and penalty raised.
- Issue relates to wrong classification of imported material in 2021.
- MRPL plans to challenge the order after depositing the amount.
Price Impact
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