Customs order seeks Rs 15.98 lakh over alleged duty drawback
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The Commissioner of Customs in Trichy ordered recovery, interest and penalty for alleged wrongful availment of duty drawback. The amount is Rs 15.98 lakh if accepted and paid. Management plans to contest the recovery, penalty and interest before the appropriate legal forums.
The order creates a potential Rs 15.98 lakh liability, but it is not final. Management plans to challenge it, so any financial impact remains uncertain.