Fined ₹17.07 Lakh by Customs Authority for Import Misclassification
Reliance Industries Ltd · RELIANCE · BSE ·
The company has received an order from the Additional Commissioner of Customs, Mundra, imposing a redemption fine and penalty aggregating to ₹17,06,958. The order alleges that the company paid a lower customs duty due to an incorrect classification of imported goods. Reliance Ind…