Reliance Industries Ltd. on Tuesday received a customs duty order of Rs 17,06,958 from the Additional Commissioner of Customs of Mundra, alleging that the Mukesh Ambani-owned company has discharged a lesser amount by incorrect classification of imported goods.
This comes at a time when Ambani’s $300 billion Texas project is in talks since US President Donald Trump said that the billionaire will sup the first US oil refinery, calling it a ‘historic deal’.
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RIL Share Price: Shares of Reliance Industries Limited were trading at Rs 1409 after a 0.90% hike as on 10:32 AM on Wednesday on BSE.
“The order has been passed alleging that the Company has discharged a lesser custom duty by incorrect classification of imported goods in the Bill of Entry. The company intends to file an appeal against the order,” Reliance said in a statement.
The petroleum to power conglomerate received an order dated March 16, 2026 from the Additional Commissioner of Customs, Mundra, levying on the company a redemption fine and penalty aggregating Rs. 17,06,958 under applicable provisions of the Customs Act, 1962, it said in a regulatory filing on Wednesday.
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Reliance received the order on March 17, 2026.
The financial impact of the order is to the extent of the redemption fine and penalty levied, RIL said, adding that there is no impact on operations or other activities due to the customs order.
