Greenlam faces Rs 25bn customs demand, plans appeal

Greenlam Industries received an order from the Commissioner of Customs, Kandla, on July 11, 2025, pertaining to anti-dumping duty on base paper and IGST exemption for imports.

The order includes a duty demand of Rs 7,05,04,443, redemption fine of Rs 4,00,00,000, and penalty of Rs 14,09,54,443 plus interest.

The company plans to file an appeal within three months and anticipates a favorable outcome with no material impact on its financials or operations.