Custom Duty & Penalty of over Rs 23 Cr demanded from Voltas for Misclassification of Goods:

Custom Duty & Penalty of over Rs 23 Cr demanded from Voltas for Misclassification of Goods Voltas Limited, on March 30th, 2026, said that it has received an Order from the Customs department worth around Rs 23 crore. The order demands differential customs duty along with interest and penalties due to the alleged misclassification of imported goods for the period from 14th June, 2019, to 21st July, 2022.

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Background of the Case

Voltas Ltd received the official order on 27th March 2026. The penalty is related to the alleged misclassification of some imported goods for the period 14th June 2019 to 21st July 2022. As a result, the company has been asked to pay a differential customs duty of Rs 10.76 crores along with applicable interest and a penalty of Rs 12.76 crores under the Customs Act, 1962.

Key Details of Order

Particulars	Details
Issuing Authority	Office of the Commissioner of Customs, Jawaharlal Nehru Custom House, Nhava Sheva, Uran, Raigad, Maharashtra
Date of Receipt	27th March 2026 at 11:19 a.m.
Relevant Period	From 14th June, 2019 to 21st July, 2022
Custom Duty Demand	Rs 10,75,73,896
Penalty	Rs 12,75,73,896

Company's Next Step

Voltas Limited has stated that it was examining the order. It said that it would take the required steps, such as filing an appeal before CESTAT.

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Financial Impact

Despite this significant order, the company has clarified that there is no material impact on its financials, operations or other activities.

Company's Disclosure Compliance

The above disclosure was given by Voltas Limited to the National Stock Exchange of India and the Bombay Stock Exchange, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.