Show Cause Notice''s (SCN''s) received from Directorate General of Foreign Trade, Surat
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Baroda Rayon Corporation Ltd has received four Show Cause Notices from the Directorate General of Foreign Trade (DGFT), Surat under the Foreign Trade (Development & Regulation) Act, 1992, for allegedly not meeting export obligations tied to four Advance Authorizations issued between 2002 and 2003. The total CIF value of these authorizations was approximately ₹2.93 crore (three of ₹84 lakh each and one of ₹40.62 lakh). The company received the notices by email on August 13, 2025, and will respond through its consultants within the required timelines. The company has stated it does not foresee any material financial or operational impact from these notices.
The matter is at a preliminary stage (show cause notice) and pertains to very old authorizations from 2002-03. The company claims no financial or operational impact, but investors should watch for the DGFT's final order, which could potentially result in penalties or recovery of benefits availed.