Vedanta's BALCO Receives ₹17 Lakh Customs Penalty Order for IGST Rate Violation
Vedanta Limited's subsidiary BALCO received a customs penalty order totaling ₹17.00 lakh from Kolkata customs office for incorrect IGST rate application during goods import. The penalty includes ₹2.00 lakh penalty and ₹15.00 lakh fine, plus tax demand and interest. Both companies expect no material financial impact from this order.

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Vedanta Limited has disclosed that its subsidiary Bharat Aluminium Company Limited (BALCO) received a customs penalty order from the Office of the Principal Commissioner of Customs, NSCBI Airport, Kolkata. The order confirms financial penalties totaling ₹17.00 lakh along with additional tax demands and interest charges.
Penalty Details and Nature of Violation
The customs authority imposed the penalty following an investigation into BALCO's import documentation practices. The violation specifically pertains to the levy of incorrect IGST rate in one of the Bills of Entry filed by the company during the import of goods.
| Component | Amount |
|---|---|
| Penalty | ₹2.00 lakh |
| Fine | ₹15.00 lakh |
| Additional Components | Tax demand and applicable interest |
| Total Penalty | ₹17.00 lakh |
Order Receipt and Timeline
BALCO received the customs order through hard copy delivery on January 05, 2026, at 4:00 PM. The order, numbered KOL/CUS/A&A/ADC/IMPORT/GR/01/2026, was originally dated January 01, 2026, by the Principal Commissioner of Customs office in Kolkata.
Financial Impact Assessment
Despite the penalty imposition, both Vedanta Limited and BALCO have assessed that the customs order will not result in any material financial impact on their operations. The companies have evaluated the monetary implications and determined that the penalty amount, while significant in absolute terms, does not constitute a material financial burden relative to their overall business operations.
Regulatory Compliance Disclosure
Vedanta Limited made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations, which mandates reporting of regulatory actions against listed entities and their subsidiaries.
The disclosure was signed by Prerna Halwasiya, Company Secretary and Compliance Officer of Vedanta Limited, ensuring proper corporate governance protocols were followed in communicating this development to the stock exchanges and investors.
Historical Stock Returns for Vedanta
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.07% | +2.75% | +18.63% | +35.54% | +40.67% | +245.09% |
















































