Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Limited, has received an order from the Office of the Commissioner of Customs, NS-I, Maharashtra, confirming a fine and penalty of approximately ₹12.77 lakh, along with a demand for customs duty and applicable interest.
The order, dated July 2, 2025, and received by the company on July 7, 2025, pertains to the valuation of goods imported by HZL during FY 2019–20.
Company’s response
In a regulatory filing with the stock exchanges on July 8, 2025, HZL stated that it intends to file an appeal before the appellate authority within the time prescribed under customs law.
The company noted that it believes in the merits of its case and does not expect the order to have any material financial impact on its operations.
Summary of the disclosure
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Authority: Office of the Commissioner of Customs, NS-I, Maharashtra
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Fine & penalty: ₹12,76,941 plus customs duty and interest
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Reason: Valuation dispute on imports in FY 2019–20
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Order date: July 2, 2025 (received July 7, 2025)
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Impact: Not expected to materially affect HZL’s financials; appeal planned
The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and was also communicated by Vedanta Limited, HZL’s parent company.
Both companies have assured stakeholders that the matter is being addressed through appropriate legal channels.
