Sanco Trans Faces Customs Penalty of ₹5.8 Lakhs

Sanco Trans Ltd has received an order from the Commissioner of Customs (Preventive), Trichy, Tamil Nadu, for the alleged wrong availment of duty drawback by exporters M/s. J.M. Exports and M/s. Peaks Garments. The action involves recovery, interest, and penalty under Sections 75 and 114 of the Customs Act, 1962. The potential financial impact, if paid, is ₹5.80 Lakhs. However, the company's management is confident in contesting the recovery amount, penalty, and interest, asserting their role as custodians. The company has received this communication on October 28, 2026.