Bharat Forge to challenge customs duty and penalty order

Bharat Forge Limited informed stock exchanges on October 13, 2025, about an order received from the Office of the Commissioner of Customs (Imports). The order confirms a duty demand of Rs. 1,53,78,375, an equivalent penalty, applicable interest, and an additional fine of Rs. 1,00,00,000 under the Customs Act, 1962. This stems from a short payment of IGST on reimported goods.

The company received the order, dated September 30, 2025, on October 13, 2025. Bharat Forge plans to challenge this order, which also includes an imposition of a fine totaling Rs. 1,00,00,000.

Despite the confirmation of the duty demand and penalty, Bharat Forge stated there is no material impact on its financial position, operations, or other activities. The company maintains its commitment to challenging the authority's order.