Paradeep Phosphates has announced the provisional release of 25,000 MTs of Technical Grade Urea previously seized by Customs authorities in Marmagoa. The goods, valued at approximately Rs. 103.30 crores, are essential for the company’s NPK fertiliser manufacturing. The direction for the provisional release was issued by the Commissioner of Customs on February 13, 2026, following prior seizure actions.
Update on Customs Action
Paradeep Phosphates Limited issued a disclosure providing an update regarding the customs action initiated earlier against imported Technical Grade Urea intended for NPK fertiliser production. This follows previous disclosures made on 4th October, 2025, and 25th January, 2026, concerning the search and subsequent seizure.
Provisional Release Confirmed
The Company confirmed that the Office of the Commissioner of Customs, Marmagoa, Goa, has formally issued a direction for the provisional release of the seized goods. The authority issuing the order is the Commissioner, Customs, Custom House, Marmagoa, Goa.
Details of Released Goods
- The order pertains to the provisional release of earlier seized 25,000 MTs of Technical Grade Urea.
- The estimated assessable value for these goods is Rs. 103.30 crores.
- The urea is imported by the Company specifically for the manufacturing of NPK fertilisers.
Timeline of Communication
The official direction or order from the Customs authority regarding this provisional release was received by the Company on 13th February, 2026.
Impact Assessment
The Company confirmed that there were no details of violations or contraventions committed or alleged to be committed that needed disclosure in this context. Furthermore, the impact on the financial, operational, or other activities of the listed entity was stated as Not applicable.
Source: BSE
