Paradeep Phosphates: Customs Authorities Order Provisional Release of Seized Urea Worth ₹103.30 Crore
Paradeep Phosphates announced the provisional release of 25,000 MT of Technical Grade Urea, seized by Customs authorities. The urea, valued at ₹103.30 crore, was imported for NPK fertilizer manufacturing. The directive for release was received on February 13, 2026.
The release of a significant quantity of Technical Grade Urea, valued at ₹103.30 crore, is likely to have a positive operational impact on the company's fertilizer manufacturing activities, although the extent is not quantified.
The provisional release of seized goods by customs authorities is a positive development for the company, as it allows for the resumption of operations related to the imported material.
Paradeep Phosphates Limited has received a significant update regarding the customs seizure of imported Technical Grade Urea. The Office of the Commissioner of Customs, Marmagoa, has issued a direction for the provisional release of 25,000 metric tons of Technical Grade Urea, which was imported by the company for the manufacturing of NPK fertilizers.
The assessable value of the seized urea is ₹103.30 crore. This development follows earlier disclosures made by the company on October 4th, 2025, and January 25th, 2026, concerning the search and seizure action initiated by the Customs authorities. The direction for provisional release was received on February 13th, 2026.
The company has stated that there are no applicable details regarding violations or contraventions committed or alleged. Furthermore, the impact on the financial, operational, or other activities of the listed entity is not applicable or quantifiable in monetary terms at this stage.
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