ABB India has received an order from the Commissioner of Customs, Bengaluru, regarding a dispute over the classification of goods. The authority has imposed a penalty of ₹3.55 crore and a redemption fine of ₹11 crore. The company maintains that the matter pertains to alleged misclassification and contravention of customs regulations. ABB India plans to challenge the order at the appellate level and does not anticipate a material financial impact on its operations.
Details of the Customs Order
On April 1, 2026, ABB India received an official order dated March 26, 2026, issued by the Commissioner of Customs, APACC, Bengaluru. The order involves charges related to the misclassification of goods and subsequent contravention of the Customs Act, 1962. The financial implications mentioned in the order include a penalty of ₹3,55,73,125 and a redemption fine totaling ₹11,00,00,000.
Company Response and Outlook
ABB India has conducted an internal assessment of the situation and intends to file an appeal against the commissioner’s order at the appellate level. The company has expressed confidence in achieving a favorable outcome through the legal process. Furthermore, the management stated that it does not reasonably expect this order to have a material impact on the company’s financial position, ongoing operations, or general business activities.
Source: BSE
