StockWatch
·
Other Electrical Equipment
Tax & Penalty18 Jun 2026, 06:50 pm

Fujiyama Power Systems receives Customs SCN for ₹13.97 Cr differential duty

AI Summary

Fujiyama Power Systems Limited has received a Show Cause Notice (SCN) dated June 17, 2026, from the Office of Assistant Commissioner of Customs, Noida. The SCN demands the recovery of differential duty amounting to ₹13,96,77,362. The notice alleges that the company mis-declared imported goods (Customs tariff item 85049090) and improperly claimed exemption benefits under Notification No. 57/2017-Customs. It is further alleged that goods imported in FY 2024-25 and prior periods should be re-assessed under Customs Tariff Item 85044090. The company is required to respond within 30 days, explaining why the classification should not be rejected, benefits denied, goods not physically available not confiscated, and why the differential duty, interest, and penalties should not be recovered.

Key Highlights

  • Company received a Show Cause Notice from Noida Customs.
  • Notice demands ₹13.97 Crores for differential customs duty.
  • Allegations include mis-declaration of imported goods and ineligible exemptions.
  • Company must respond within 30 days to the customs authority.
  • Potential liabilities include duty, interest, penalties, and confiscation.