Customs order over coriander seed imports; company plans to appeal
SHETHJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Minute windows have no benchmark: there is no intraday index history to compare against.
Customs ordered Shreeji Global FMCG to pay Rs 16.93 crore in duty plus interest, Rs 16.93 crore in penalty, Rs 1 crore in another penalty and Rs 6 crore in redemption fines. A director and key manager faced another Rs 1.60 crore penalty, and a bond was enforced. Rs 75 lakh deposited earlier was adjusted against duty. The order concerns alleged diversion and export-rule breaches involving duty-free coriander seed imports. The company will appeal.
The order creates a potential cash outflow, but the appeal could reduce or delay payment. The final amount and timing remain uncertain.