Regulatory Action Details
Authority: Commissioner of Customs (Preventive), Office of the Commissioner of Customs (Preventive), Trichy, Tamil Nadu
Date of Order Receipt: October 27, 2026
Nature of Order: Recovery, Interest & Penalty order passed under Section 75 and Section 114 of the Customs Act, 1962
Alleged Violation: Wrong availment of duty drawback
Financial Impact: If accepted and paid, the amount would be ₹15.98 Lakhs
Management Response
The management has stated they are confident of contesting the recovery amount, penalty, and interest before the appropriate legal forums, indicating the amount is not currently provided for in financial statements.