Customs order imposes 93.59 crore rupees penalties on Paradeep Phosphates

Regulatory & Legal View source PDF Explain this filing

PARADEEP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹148.30

prior close

₹148.10

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.2%+1.4% vs market

Fertilizers peers, median of 22sector+0.6%+0.6% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 0.6 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.2

15m

+0.4

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.2+1.4+0.6+0.6

Next day

+7.7-0.4+8.1+1.8+5.9

+10.2+0.2+10.0+2.2+8.0

+8.2+0.1+8.1+1.6+6.6

+11.4+0.4+11.0+1.2+10.2

+7.9-0.2+8.1-0.3+8.2

+5.8-0.9+6.7-2.0+7.8

15d

+0.5-2.8+3.3-4.0+4.5

+4.3-1.4+5.7-2.7+7.0

-6.8-10.0+3.2-14.4+7.6

—————

UpDownMarket · Nifty Smallcap 250Sector · Fertilizers peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Paradeep Phosphates received a customs adjudication order from Goa regarding seven urea consignments. Customs held the imports were mis-declared as Technical Grade Urea as biuret content exceeded 0.80 percent, making them restricted Fertilizer Grade Urea. Total penalties aggregate to 93.59 crore rupees including a 23.26 crore redemption fine, 46.52 crore penalty and 23.81 crore additional penalty. Goods had assessable value of 465.23 crore rupees. Company disputes findings and plans legal recourse.

Likely market impact

About 93.59 crore rupees in penalties, though company plans to challenge. No material operational impact stated. Watch legal proceedings.