Thirumalai Chemicals: Customs Audit Observation for ₹24.52 Lakhs RoDTEP Benefits

Thirumalai Chemicals Ltd has received an audit observation from the Customs Authority regarding alleged availment of ineligible RoDTEP benefits on exports made under the DFIA Scheme. The observation pertains to shipping bills filed by the company and seeks payment of RoDTEP benefits amounting to ₹24.52 lakhs, along with interest and penalty. The company believes the demands are erroneous as the benefits were auto-filled via the customs portal. Thirumalai Chemicals intends to submit its response within the prescribed timelines and asserts that any potential financial implication will be insignificant and will not materially impact the company's financial position.