GE Vernova T&D India Limited provided an update on its customs duty litigation. The Supreme Court dismissed the company's Special Leave Petition but permitted an appeal before the Commissioner (Appeals) against a 2015 Order-in-Original. The company intends to file this appeal on merits to resolve the long-standing dispute.
GE Vernova T&D India Limited received an order from Customs authorities imposing a total financial impact of ₹0.32 Crore. This includes differential duty, a penalty, and a redemption fine related to imported goods. The company stated there is no material impact on its operations.