Bharti Airtel Faces Customs Penalty Plans To Challenge Order

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Bharti Airtel faces customs penalty, plans to challenge order

ri-calendar-2-lineOct 8, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Bharti Airtel has disclosed that it received an order from the Principal Commissioner of Customs, Delhi Air Customs Commissionerate, imposing a penalty of 9,01,95,504.

 

Key Details:

Nature of Action: The penalty was levied under Section 28 of the Customs Act, 1962, and relates to an alleged incorrect classification of imported goods.

 

Date of Receipt: Bharti Airtel received the order from the customs authority on October 7, 2023, at 11:04 AM.

 

Company Response: The telecom giant has stated that it intends to challenge the order at the appellate forum. However, the company emphasized that the order's issuance has no material impact on its financial, operational, or other activities.

 

Bharti Airtel remains committed to addressing this matter through the appropriate legal channels and ensuring that its operations continue without significant disruption.

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions