SSWL gets customs show cause notice over duty drawback claim
SSWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Strips Wheels received a Show Cause Notice from the Principal Commissioner of Customs, Mundra Port, alleging violation of Section 65 of the Customs Act. The customs department claims the company availed unlawful Duty Drawback of Rs 1.37 crore and RoDTEP scrips of Rs 32.38 lakh for exports between Nov 2023 and Jul 2025. The company has already paid these amounts with interest before the SCN. Penalty has been alleged but amount is not quantified. Company has 30 days to respond.
SCN is pending; company has already paid disputed amounts with interest and expects no financial liability. No operational impact expected.