ABB India faces Rs 17.68 lakh penalty from customs authority | Business Upturn

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ABB India has been issued a penalty of ₹17,68,303 by the Office of the Principal Commissioner of Customs in Bangalore, along with a redemption fine of ₹1,77,000. The penalty arises from a mis-declaration of the value of goods and contravention of the Customs Act, 1962.

The order, dated 24 March 2026, was received by ABB India on the same day. The company has announced its intention to appeal the decision, expressing optimism for a favourable outcome at the appellate level. ABB India does not anticipate any material impact on its financial or operational activities as a result of the order.

The customs authority identified the mis-declaration as a violation of the provisions of the Customs Act, 1962. ABB India is preparing to contest the order, maintaining that the penalty will not significantly affect its business operations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: ABB India Bangalore Customs Authority