Sanco Trans fined ₹90,000 by Customs

Sanco Trans Ltd has disclosed a penalty of ₹90,000 imposed by the Commissioner of Customs (Preventive), Trichy, Tamilnadu. The penalty is under Section 114 of the Customs Act, 1962, related to the alleged wrong availment of duty drawback by exporter M/s. S&H Inc. The company received the order on November 12, 2026. Sanco Trans states that if accepted and paid, the amount would be ₹90,000. However, the management is confident of contesting the penalty, asserting their role as mere custodians. The company is seeking to have this disclosure noted for compliance with SEBI LODR Regulations.