<h1>Jtekt India Limited Faces Show Cause Notice Over MEIS Duty Credit Recovery</h1>
Jtekt India Limited has received a Show Cause Notice from the Office of the Additional Director General of Foreign Trade, CLA Delhi. This notice relates to a demand for the recovery of MEIS duty credit scrips amounting to Rs. 622.39.
The department confirmed the recovery demand after determining that an excess MEIS benefit had been sanctioned. This situation arose due to the incorrect adoption of foreign exchange rates when converting the FOB value into Indian Rupees, resulting in the benefit exceeding what was admissible under the Foreign Trade Policy, 2015-20 and the Handbook of Procedures.
The receipt of this communication was confirmed on August 4, 2026.
Details regarding the action taken and alleged contraventions are summarized below:
| Authority | Office of the Additional Director General of Foreign Trade, CLA Delhi |
|---|---|
| Nature of Action | Confirmation of demand for recovery of MEIS duty credit scrips |
| Amount Involved | Rs. 622.39 |
| Details of Violation(s) Alleged | Powers conferred under Rule 8 and Rule 7 of the Foreign Trade (Regulation) Rules, 1993 read with Sections 11(2), 13 and 14 of the Foreign Trade (Development & Regulation) Act, 1992 |
In terms of operational impact, the company stated that there is no effect on its financial, operation or other activities.
JTEKTINDIA Stock Price Movement
Jtekt India Limited shares today slipped by 1.23% to settle at ₹140.77 in post-market trading. The equity traded within a narrow range throughout the session, hitting a low of ₹139.7 and peaking at ₹143.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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