Sun Pharmaceutical Industries Limited announced that it has received order passed by Commissioner of Customs (Appeal), Mumbai-III. Nature and details of the action(s) taken, initiated, or order(s) passed: Redemption fine of INR 4,000,000 imposed for confiscation of imported goods under Section 125(1) of Customs Act 1962 and Penalty of INR 2,520,152 imposed under Section 114 A of Customs Act 1962. Date of receipt of direction or order, including any ad-interim or interim orders or any other communication from the authority: December 12, 2024.
Details of the violation(s)/contravention(s) Committed or alleged to be committed: Short payment of customs duty. There is no material impact on the Company's financial, operation or other activities.
