Suzlon Energy announced that the Commissioner of Customs has reduced the redemption fine and penalty initially levied on the company from Rs.428.50 Lacs to Rs.215.86 Lacs. The fine and penalty relate to a matter previously reported to the stock exchanges. While the company welcomes the reduction, it intends to file an appeal against the order with appropriate authorities. The announcement was made on November 11, 2025.
Customs Fine Reduction
Suzlon Energy has received a favorable revision in its previously assessed fine and penalty from the Commissioner of Customs. The initial levy of Rs.428.50 Lacs has been reduced to Rs.215.86 Lacs following a reassessment by the authorities.
Details of the Order
The Order-In-Original No.253/2025-26/COMMR/NS-V/CAC/JNCH, dated October 31, 2025, reflects the reassessment. It specifies a reduced redemption fine of Rs.50,00,000 and a penalty of Rs.1,65,83,745, along with applicable interest, totaling Rs.2,15,83,745. The original order, No.84/2024-25/Commr/NS-V/CAC/JNCH, issued on July 5, 2024, had imposed the initial amount of Rs.4,28,50,048.
Next Steps for Suzlon
Despite the reduction, Suzlon Energy intends to pursue an appeal against the order with the appropriate authorities, indicating a continued effort to contest the remaining charges. The company received the order on November 10, 2025.
Background of the Matter
The issue relates to alleged non-payment of Countervailing Duty and Anti-Dumping Duty on casting parts imported from China, as per Notifications No.1/2016-Customs (CVD) dated January 19, 2016, and No.42/2017-Cus (ADD) dated August 30, 2017. The company believes an appeal is warranted despite this reduction, and does not anticipate a significant impact on financial operations.
Source: BSE
