THE SANDUR MANGANESE & IRON ORES LIMITED : IMPOSES PENALTY ON SUBSIDIARY

• Royal Sandur Metals Private Limited, a material subsidiary, received a penalty order from the Office of the Principal Commissioner of Customs, Chennai-III. • The penalty amounts to ₹12 lakh under Section 114 of the Customs Act, 1962. • The order was received on September 8, 2026, related to the non-payment of export duty by Sundaram Fasteners Limited on export goods procured from the subsidiary. • The violation occurred between May 22, 2022, and November 18, 2022, prior to the acquisition of Royal Sandur Metals by the company. • The subsidiary is reviewing the order and considering further legal recourse.

Sandur Manganese & Iron Ores Limited

Open attachment

← Back to feed