Genus Power Infrastructures Limited received an order dated May 30, 2025, from the Appraiser, (DAC) Audit Commissionerate, New Custom House, New Delhi, which was delivered on June 05, 2025.

• The order pertains to allegations that the company wrongly availed custom duty exemption.
• The order details include:
  • Differential Customs Duty: A demand of ₹ 23,55,242, after adjusting ₹ 1,05,96,449 already paid.
  • Demand of Interest: On ₹ 1,29,51,691 (less ₹ 10,88,251 already paid) under Section 28AA of the Customs Act, 1962.
  • Penalty: An imposed penalty of ₹ 1,29,51,691 (approximately ₹ 1.29 crore) under Section 114A of the Customs Act, 1962. This penalty is subject to a reduction to 25% if paid within 30 days from the date of communication of the Order.
• The company stated that the demand, interest, and penalty imposed neither have any material impact on its financials nor on its operational or other activities.
• Genus Power Infrastructures Limited will file the necessary appeal with the appellate authority in this regard, based on facts and prevailing law.