Latest News | Airtel to Challenge Order Received Under Customs Act on Levy of Rs 9 Cr Penalty

New Delhi, Oct 7 (PTI) Bharti Airtel has said it will be challenging "at an appropriate appellate forum" an order received by the company under the Customs Act entailing levy of penalty of about Rs 9 crore.

There is no material impact of the same on financial, operations or other activities of the company, Bharti Airtel said in a BSE filing.

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The authority in reference is Principal Commissioner of Customs, Delhi Air Customs Commissionerate, the filing said informing that the order was passed under the Customs Act levying penalty of Rs 9,01,95,504.

The issue is related to alleged incorrect classification of imported goods.

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"The company will challenge the order at appellate forum. There is no material impact of the same on financial, operations or other activities of the company," Airtel said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)