Vaibhav Global Limited has received an order from the office of Commissioner (Appeals), Central Excise and CGST, Jaipur. Name of the authority; Office of the Commissioner (Appeals) Central Excise & CGST, Jaipur, NCRB, Statue Circle, Jaipur - 302005. The Central Excise & CGST, Jaipur imposed: Penalty of INR 50,000.

Redemption fine of INR 600,000. Penalty imposed under Section 112(a)(iii) of the Custom Act, 1962 and allowed reexport the goods upon payment of redemption fine of INR 600,000. Financial Impact INR 650,000.

However, there is no material operational and other impact.