Regulatory Proceeding
Gokul Agro Resources Receives Customs Show Cause Notice Over Duty Drawback and RoDTEP Claims
NSE
gokulagro
BSE
539725
Gokul Agro Resources Limited has received a Show Cause Notice from the Office of the Principal Commissioner of Customs, Mundra Port, Gujarat, alleging wrongful availing of Duty Drawback and RoDTEP benefits on exported goods during the period May 2021 to December 2025. While the notice involves claims aggregating over ₹53 crore, the company currently does not foresee any financial liability and plans to contest the matter through appropriate legal submissions.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Show Cause Notice from Customs Authority.
Type: Regulatory Proceeding / Litigation
Impact: Negative
Immediate Effect: The company faces regulatory scrutiny regarding export incentive claims and must submit its response before the customs authority. No penalty or restriction has been imposed at this stage.
Key Metrics:
- Alleged Duty Drawback Amount: ₹14.53 crore
- Alleged RoDTEP Scrip Amount: ₹38.47 crore
- Total Amount Under Question: ₹52.99 crore
- Relevant Period: May 11, 2021 to December 19, 2025
Highlight:
- Customs authorities have questioned export incentive claims aggregating approximately ₹52.99 crore, excluding any applicable interest and penalties.
What Happened ?
Gokul Agro Resources informed the stock exchanges that it has received a Show Cause Notice dated June 11, 2026 from the Office of the Principal Commissioner of Customs, Custom House, Mundra Port, Kutch, Gujarat.
The customs department has alleged that the company violated provisions of Sections 58 and 65 of the Customs Act, 1962 by allegedly availing unlawful Duty Drawback and RoDTEP benefits on exported goods.
The notice pertains to claims amounting to ₹14.53 crore under Duty Drawback and ₹38.47 crore under RoDTEP schemes. The company stated that it is reviewing the matter with legal advisors and intends to file an appropriate response within the prescribed timelines.
Key Details
Customs Show Cause Notice:
- Show Cause Notice received from the Office of the Principal Commissioner of Customs, Mundra Port, Gujarat.
- Communication received on June 11, 2026.
- Alleged violation relates to availing Duty Drawback and RoDTEP export incentive benefits.
- Matter pertains to exports undertaken between May 11, 2021 and December 19, 2025.
- Duty Drawback amount under scrutiny stands at ₹14.53 crore.
- RoDTEP benefit under scrutiny stands at ₹38.47 crore.
- No restriction, sanction, or quantified penalty has been imposed at present.
- The company is preparing legal submissions in consultation with advisors.
- Management believes it has adequate grounds to defend its position.
Note:
- The matter is currently at the Show Cause Notice stage and has not resulted in any adjudicated liability, penalty, or adverse order.
Risk Analysis
Summary:
- The regulatory proceeding introduces legal and compliance uncertainty. Although management currently expects no financial liability, the final outcome remains dependent on the adjudication process.
Key Risks:
- Customs authorities have challenged export incentive claims exceeding ₹52 crore.
- Interest and penalties could be imposed if the allegations are upheld.
- Financial implications cannot be conclusively determined until proceedings conclude.
- Regulatory proceedings may involve prolonged legal and administrative processes.
- Adverse findings could result in recovery demands, penalties, or compliance-related consequences.
Worst Case Scenario:
- If customs authorities ultimately uphold the allegations, the company could face recovery of disputed benefits, interest costs, penalties under the Customs Act, and potential impacts on profitability and cash flows.
Risk Level: Medium
Company Commentary
- The company does not currently foresee any financial liability based on preliminary assessment and legal advice.
- Management believes it has adequate grounds to substantiate its position.
- Appropriate responses will be submitted before the relevant authority within prescribed timelines.
- No restriction or sanction has been imposed on the company at this stage.
- Exact financial implications cannot be determined until completion of the proceedings.
Official Exchange Filing: Gokul Agro Resources Limited
