Granules India has received an order from the Commissioner of Customs, Chennai, imposing a penalty of ₹43,32,831, plus applicable interest. The penalty relates to the erroneous misclassification of imported goods under the Customs tariff heading (CTH). The issue pertains to financial years 2019-20 and 2020-21. The company does not anticipate a material impact on its financial position or operations.
Customs Penalty Received
Granules India has received an order from the Office of the Commissioner of Customs, Chennai, regarding a penalty for the misclassification of imported goods. The penalty amount is ₹43,32,831, in addition to applicable interest.
Details of the Issue
The penalty arises from the incorrect classification of imported goods under the Customs tariff heading (CTH). The issue relates to imports made during the financial years 2019-20 and 2020-21.
Impact Assessment
The company stated that it does not expect any significant impact on its financial standing or operational activities as a result of this penalty and associated interest. The original order, numbered 115729/2025 and dated October 22, 2025, was received by the company on October 28, 2025.
Source: BSE
