JSW Steel Limited — Others, 31-10-2024: Action(s) initiated or orders passed

JSW Steel Ltd. received a customs order imposing a demand of ₹18,01,554, including interest, penalty, and redemption fine, due to alleged misclassification of a spectrometer imported in September 2024. The company plans to pay the applicable tax while challenging the penalty and redemption fine, asserting that the misclassification was based on interpretation rather than intent to evade duties.