FUJIYAMA POWER SYSTEMS LIMITED : RECEIVES SHOW CAUSE NOTICE WORTH RS 13967.73 LAKH

• The company received a show cause notice from the Office of Assistant Commissioner of Customs, Noida Customs Commissionerate for recovery of differential duty. • The notice alleges mis-declaration of imported goods and claims of ineligible exemption benefits. • The company is required to respond within 30 days of receipt of the notice. • The differential customs duty demanded is approximately ₹13.97 Crores. • The company believes it has valid grounds to challenge the notice and intends to file an appeal. • An appropriate provision has been made in the financial statements.

Fujiyama Power Systems Limited

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