KRBL Limited has won its appeal against orders levying redemption fine and penalties related to customs duties. The Appellate Authority has set aside the original orders from the Joint Commissioner of Customs, Noida, dated April 30, 2025, and July 31, 2025. KRBL will now begin the process to seek a refund of pre-deposits made. This development follows earlier communications regarding these penalties.
Successful Appeal Against Customs Penalties
KRBL Limited has successfully appealed against orders related to redemption fine and penalties levied by the Joint Commissioner of Customs, Noida. The appeals were filed before the appropriate Appellate Authority, resulting in the original orders being overturned.
Details of the Order
The specific orders that have been set aside are No. 08/JC/Noida-CUS/2025-26, dated April 30, 2025, and No. 28/JC/Noida-CUS/2025-26, dated July 31, 2025. These orders, previously issued by the Joint Commissioner of Customs in Noida, pertained to the imposition of penalties.
Refund Procedure Initiated
Following the favorable outcome of the appeals, KRBL Limited will now start the process to claim a refund of the pre-deposits made concerning these customs duty assessments. This announcement follows previous communications on May 09, 2025, and August 27, 2025, where the company had informed the stock exchanges about the initial orders and penalties.
Source: BSE
