Steel Strips Wheels Receives Customs Show Cause Notice

Steel Strips Wheels Ltd has received a Show Cause Notice (SCN) from the Principal Commissioner of Customs, Mundra Port, alleging violation of Section 65 of the Customs Act, 1962. The notice pertains to the alleged unlawful availment of Duty Drawback and RoDTEP Scrips totaling Rs. 1,37,80,184 and Rs. 32,38,451 respectively for exported goods. The company has already paid these amounts along with applicable interest before the SCN was issued to avoid litigation. An additional Rs. 13,73,752 in RoDTEP scrips remains unutilized. The company expects no immediate financial liability but is evaluating the SCN and will submit a reply within the 30-day timeline. Potential penalties under various sections of the Customs Act have been alleged but not quantified.