# CESTAT upholds Rs 80 lakh fine on Oswal Minerals for ore breach

2026-08-14T09:11:14+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

CESTAT in Hyderabad has upheld a Rs 80 lakh redemption fine and Rs 9 lakh penalty on Bengaluru-based Oswal Minerals for moving 5,550 MT of imported manganese ore to an unauthorised private yard instead of the designated public bonded warehouse. The tribunal dismissed the company's appeal, ruling that the act violated Sections 59 and 60 of the Customs Act read with warehousing regulations. The bench rejected arguments that there was no intent to evade duty, noting that the statutory violation itself justified confiscation and penalties.

## Coverage

- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/city/hyderabad/cestat-upholds-80l-redemption-fine-9l-penalty-on-oswal-minerals-over-manganese-ore-warehousing-breach/articleshow/133223510.cms>

Tags: CESTAT, Customs Act, manganese ore, Oswal Minerals, redemption fine, warehousing violation
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