Ajanta Soya Faces Rs 1.05 Crore Customs Duty Order, Plans Appeal
Ajanta Soya Limited has received a customs duty order of Rs 1,05,18,265 plus interest for Crude Palm Oil lost in a fire or found short. The order, issued on November 17, 2025, by the Assistant Registrar, Customs Appeal Branch, New Delhi, is being contested by the company. Ajanta Soya plans to file an appeal in the High Court within the statutory time limit, seeking withdrawal of both the duty and interest. Despite the substantial amount, the company states there is no material impact on its financial or operational activities.
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Ajanta Soya Limited , a prominent player in the edible oil industry, has recently received a significant customs duty order related to a past incident involving Crude Palm Oil. The company is now preparing to challenge this decision through legal channels.
Key Details of the Customs Order
| Aspect | Details |
|---|---|
| Issuing Authority | Assistant Registrar, Customs Appeal Branch, New Delhi |
| Order Date | November 17, 2025 |
| Customs Duty Amount | Rs 1,05,18,265 |
| Additional Charges | Interest under Section 28AA |
| Reason for Duty | Crude Palm Oil lost in fire accident or found short |
Company's Response and Next Steps
Ajanta Soya has announced its intention to contest the order. The company plans to file an appeal before the High Court, seeking withdrawal of both the customs duty and the associated interest. This legal action will be initiated within the statutory time limit.
Financial Impact
Despite the substantial amount involved in the customs duty order, Ajanta Soya has stated that there is no material impact on its financial or operational activities. This assertion suggests that the company is well-prepared to handle the financial implications of the order, regardless of the outcome of their planned appeal.
Background of the Issue
The customs duty liability stems from an incident involving Crude Palm Oil, a key raw material in Ajanta Soya's operations. The order pertains to oil that was either lost in a fire accident or found to be short in quantity. The customs authorities have determined that duty is payable on the entire quantity of oil involved in these circumstances.
Implications and Outlook
This development highlights the regulatory challenges faced by companies in the edible oil sector, particularly concerning import duties and inventory management. The outcome of Ajanta Soya's appeal could have implications for how similar cases are handled in the future, potentially affecting other players in the industry.
As the situation unfolds, stakeholders will be keenly watching how this impacts Ajanta Soya's financial statements and operational strategies in the coming quarters. The company's confidence in stating no material impact suggests a strong financial position, but the final resolution of this matter will be crucial for both Ajanta Soya and the broader edible oil industry.
Historical Stock Returns for Ajanta Soya
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.61% | -1.51% | -8.59% | -32.15% | -25.37% | +270.41% |
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