Bharat Forge is contesting a duty demand from the Commissioner of Customs (Imports) related to a short payment of IGST on reimported goods. The demand includes a penalty and applicable interest. While the company is exploring legal challenges, it believes the matter will not have a material impact on its financial operations. The order was received on October 13, 2025, concerning an order dated September 30, 2025.
Customs Duty Demand
Bharat Forge has received an order from the Office of the Commissioner of Customs (Imports) regarding a duty demand related to the payment of IGST (Integrated Goods and Services Tax) on goods that were reimported. The company is currently evaluating legal options to challenge this order.
Financial Impact Assessment
According to the company’s assessment, this demand, which includes an equivalent penalty and applicable interest, is not expected to have a material impact on Bharat Forge’s financial standing, its operations, or any other activities. Bharat Forge received this order on October 13, 2025.
Details of the Order
The order confirms the IGST demand of Rs. 1,53,78,375/-, along with an equivalent penalty, applicable interest, and a fine of Rs. 1,00,00,000/- under the Customs Act, 1962. The original order is dated September 30, 2025. Bharat Forge received an order concerning short payment of IGST on reimported goods.
Source: BSE
