Modison Ltd

Modison Ltd Faces Customs Demand & Penalty – Key Details ⚖️

- Modison Limited received an order from the Assistant Commissioner of Customs Export, ACC, Mumbai Customs Zone-III on November 21, 2025.

- The order confirms a demand of ineligible drawback amounting to Rs. 2,23,697/- related to Shipping Bills.

- A penalty of Rs. 1,50,000/- has been imposed on the company under Section 117 of the Customs Act, 1962 for non-compliance with statutory provisions.

- The company does not foresee any significant financial impact due to this order.

- Modison Limited is considering filing an appeal with the appropriate authorities within the prescribed timelines.