Date: August 19, 2026
Regulatory Disclosure Summary
Custom Notice Details
Authority: Commissioner of Customs, Office of the principal commissioner of customs, custom house, Mundra port, Kutch, Gujarat
Date of Receipt: August 18, 2026
Legal Basis: Issued under Section 28(4) read with Section 124 of the Customs Act, 1962
Period Involved: July 6, 2023 to November 4, 2024
Allegations:
- Wilful mis-declaration and mis-classification of imported Transfer/Sublimation Paper
- Alleged short payment of customs duty by availing 12% IGST instead of 18%
- Alleged benefit taken of 30% BCD exemption improperly
Financial Impact:
- Assessable value of imported goods: ₹13,13,87,104/- held liable for confiscation
- Tax/Duty involved: ₹1,13,59,561/-
- Interest payable as per Section 28AA of the Customs Act, 1962
- Penalty under Sections 112(a) and 114(A) of the Customs Act, 1962
Legal Sections Invoked: Sections 17, 28(4), 28AA, 28DA(10)(i), 111(m), 112(a) and 114A of the Customs Act, 1962
Company Response
The Company is in the process of reviewing the notice and will respond appropriately within the prescribed timelines. The Company states it does not anticipate any material impact on its financial, operational, or other activities.