Reliance hit with Rs. 18,74,978 customs fine, penalty over alleged import misclassification
RELI•Reliance received a customs order dated Oct. 6, 2026, imposing a Rs. 1,874,978 redemption fine and penalty over alleged import misclassification. The company will appeal; its financial exposure is limited to the fine and penalty, with no reported operational impact.
1. Customs order
Customs alleged Reliance underpaid duty by misclassifying imported goods in a bill of entry. The order imposes a Rs. 1,874,978 redemption fine and penalty, and Reliance will file an appeal.
2. Reported impact
The financial exposure is limited to the fine and penalty, with no impact reported on operations.
