Borosil Renewables Limited announced on June 01, 2026, that it has received a Show Cause Notice dated May 15, 2026, from the Office of the Commissioner of Customs. The notice alleges a short payment of customs duties amounting to Rs. 13.30 crores on imported capital goods. The company is currently evaluating the matter and will submit its response within the stipulated time.
Customs Notice Received
Borosil Renewables Limited has been served with a Show Cause Notice by the Office of the Commissioner of Customs (NS-V), Jawaharlal Nehru Customs House, Nhava Sheva, Raigad, Maharashtra. The notice, dated May 15, 2026, pertains to the import of two specific items of capital goods.
Allegations and Potential Liability
The core of the notice alleges a short payment of customs duties totaling approximately Rs. 13.30 crores. The authorities are inquiring why this amount, along with applicable interest and penalty, should not be demanded from the company. The allegations are specifically linked to the tariff classification of the imported goods.
Company’s Response
Borosil Renewables Limited has confirmed that it is actively evaluating the contents of the Show Cause Notice. The company has assured stakeholders that it will submit a comprehensive reply to the customs authorities within the prescribed timeframe. Further updates will be provided as the matter progresses.
Source: BSE
