Borosil Renewables Limited has received an adjudication order from the Additional Commissioner of Customs (NS-V), JNCH, imposing a total of ₹30,30,000 in penalties and a redemption fine of ₹30,00,000. The order stems from a dispute over the tariff classification of imported plant and machinery for its solar glass manufacturing project. The company is making these payments under protest and intends to file an appeal.
Customs Adjudication Order Issued to Borosil Renewables
Borosil Renewables Limited announced on October 17, 2026, that it has received an adjudication order from the Additional Commissioner of Customs (NS-V), Jawaharlal Nehru Custom House (JNCH), Nhava Sheva. This order pertains to the import of plant and machinery for the company’s new Solar Glass manufacturing project.
Details of the Order
The Adjudicating Authority, through an order dated October 15, 2026, has rejected the declared description/classification of the imported goods. Consequently, the seized goods valued at ₹14,14,43,335 have been confiscated, with an option for redemption upon payment of a fine of ₹30,00,000. Additionally, the company has been imposed penalties:
- A penalty of ₹30,000 under Section 112(a)(ii) of the Customs Act, 1962.
- A penalty of ₹30,00,000 under Section 114AA of the Customs Act, 1962.
Financial Impact and Company’s Response
The aggregate financial impact, including the redemption fine and penalties, amounts to approximately ₹60,30,000. The company stated that this impact is not expected to have any material effect on its operations. Borosil Renewables is making the payment of the fine and penalties under protest and plans to pursue legal recourse by filing an appeal before the Commissioner of Customs (Appeals).
Source: BSE
