V-Guard Share Price in Focus; Received Order-in-Original from Commissioner of Customs

V-Guard Industries Limited share price is likely to remain in focus after the company disclosed receipt of an Order-in-Original from the Commissioner of Customs relating to alleged misclassification of certain imported product parts.  

Customs Authority Confirms Differential Duty Demand 

According to the company’s regulatory filing, the order was issued by the Commissioner of Customs (NS-V), Jawaharlal Nehru Custom House (JNCH), Nhava Sheva.  

The adjudication pertains to a show-cause notice alleging misclassification of certain parts of products imported by the company. 

Following the review, the authority reclassified the goods and confirmed a differential customs duty demand of ₹68.24 lakh (₹68,24,372), applicable interest under Section 28AA, and a penalty under Section 114A of the Customs Act.  

Penalty Imposed on The Company 

The order also imposed a penalty of ₹68.24 lakh on the company under Section 114A.  

However, the filing stated that the penalty amount may be reduced to 25% subject to fulfilment of specified conditions under the law. 

The imports covered under the order relate to Bills of Entry spanning from May 2020 to July 2024. 

Company Plans to Challenge the Order 

V-Guard stated that it is currently evaluating the merits of the order and plans to undertake appropriate legal steps, including filing an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) within the prescribed timeline.  

The company has not indicated any major operational disruption arising from the development.

Read More: V-Guard Share Price Falls Over 2% on Q4 FY26 Earnings Results: Net Profit up 96.5% QoQ 

V-Guard Share Price Performance 

As of 12 May 2026, V-Guard share price closed at ₹321.25 per share, reflecting a decline of 3.28% from the previous closing price. 

Conclusion 

The customs order involving duty demand and penalty is expected to keep V-Guard Industries shares in focus, while investors may monitor the company’s legal response and further developments in the matter. 

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