Reliance Industries: Customs order levies Rs. 18,74,978 redemption fine and penalty

Reliance Industries has received an order dated October 6, 2026 from the Joint Commissioner of Customs (Import), ACC, Mumbai.

Wed 7 Oct 2026

Redemption Fine and Penalty Amount

Rs. 18,74,978

Order Date

October 6, 2026

Ordering Authority

Joint Commissioner of Customs (Import), ACC, Mumbai

The Company has disclosed a customs order passed against it. Here is what the update sets out.

What the order says

• The Company has received an order dated October 6, 2026 passed by the Joint Commissioner of Customs (Import), ACC, Mumbai.
• The order levies on the Company a redemption fine and penalty aggregating Rs. 18,74,978 under applicable provisions of the Customs Act, 1962.
• The order alleges that the Company discharged a lesser custom duty by incorrect classification of imported goods in the Bill of Entry.

What the Company says

• The Company intends to file an appeal against the order.
• The financial impact of the order is to the extent of the redemption fine and penalty levied.
• There is no impact on operations or other activities of the Company due to the order.

The terms, in simple words

• A redemption fine is a sum paid to get back goods that customs has ordered confiscated; a penalty is a separate monetary charge. In this order both are levied, and the figure given is their aggregate.
• The dispute concerns how imported goods were classified in a Bill of Entry, which is what determines the duty rate applied.

How to read this

• The Company has stated the money involved and its own position that this does not affect operations or other activities.
• The Company has also stated its intention to challenge the order by way of appeal, so the matter is not at a final end.
• The disclosure is an update on a duty-related dispute; the stated financial impact is confined to the fine and penalty levied.

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