Paradeep Phosphates Limited has received approval from the Commissioner of Customs, Marmagoa, for the provisional release of 25,000 MTs of seized Technical Grade Urea valued at Rs.103.30 crores. The order, dated 13 February 2026, allows the company to resume use of the imported material for NPK fertiliser production.
Paradeep Phosphates Limited has announced a significant development in its ongoing customs matter. Following earlier disclosures in October 2025 and January 2026 regarding the seizure of imported Technical Grade Urea, the company has now received a directive for provisional release of the goods.
Key Highlights
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The Commissioner of Customs, Marmagoa, issued the order on 13 February 2026
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The release covers 25,000 MTs of Technical Grade Urea with an assessable value of Rs.103.30 crores
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The material was originally seized during customs action related to import compliance
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The urea is intended for manufacturing NPK fertilisers, a critical input for India’s agricultural sector
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The disclosure has been made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
This development provides operational relief to Paradeep Phosphates, ensuring continuity in fertiliser production and supply. The company’s compliance with disclosure norms underscores its commitment to transparency in regulatory matters.
Sources: Paradeep Phosphates Limited regulatory filing, SEBI (LODR) Regulations, Office of the Commissioner of Customs Marmagoa.