Gokul Agro Resources Limited Receives Show Cause Notice Over Alleged Misuse of Duty Drawback and RoDTEP Scrips
Gokul Agro Resources Limited has received a Show Cause Notice from the Office of the Principal Commissioner of Customs, Custom House, Mundra port, Kutch, Gujarat. The notice alleges that the company violated provisions of Section 65 read with Section 58 of the Customs Act, 1962, regarding the unlawful availment of Duty Drawback and RoDTEP Scrips on goods exported.The communication was received by the company on June 11, 2026. The allegation relates to a specific period spanning from May 11, 2021, to December 19, 2025.
According to the details provided, the customs department has alleged violations related to two distinct amounts of scrips used for exported goods: Rs. 14,52,55,203/-, and Rs. 38,46,88,080/-. The notice also notes that applicable interest and penalty are subject to the provisions of the Customs Act, 1962.
The financial scope of the allegations is detailed below:
| Alleged Unlawful Scrip Usage | Amount Claimed |
|---|---|
| Duty Drawback | Rs. 14,52,55,203/- (Fourteen Crore Fifty-Two Lakh Fifty Five Thousand Two Hundred Three) |
| RoDTEP Scrips | Rs. 38,46,88,080/- (Thirty-Eight Crore Forty-Six Lakhs Eighty-Eight Thousand And Eighty Only) |
The company has confirmed that it is in the process of submitting appropriate responses to the customs authority and believes that it possesses adequate grounds to substantiate its position within the prescribed timelines.
Regarding the financial implications, Gokul Agro Resources Limited stated that based on a preliminary assessment and advice from counsel, the company does not currently foresee any financial liability related to these allegations. However, the company noted in subsequent details that while they do not expect any financial liability at this time, the exact financial implications cannot be determined until the proceedings are completed by the relevant authority.
GOKULAGRO Stock Price Movement
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