Announced Fri, 6 Nov, 2026 · 18:09 IST
Customs penalty of Rs 1 lakh; company plans to contest
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The Trichy customs commissioner issued an order concerning alleged wrongful duty drawback availed by exporter Starwin Tex. Sanco Trans says it was only a custodian, plans to contest the penalty, and would pay Rs 1 lakh only if accepted.
Likely market impact
No material financial impact is disclosed. Potential exposure is Rs 1 lakh if accepted, and management plans to challenge the order.