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EPACK Durable Limited has received a Show Cause Notice from the Principal Commissioner of Customs, Noida, concerning an alleged incorrect claim of preferential duty. The company has 30 days to respond and will submit its reply with supporting documents. The management is currently reviewing the notice and consulting with relevant stakeholders to formulate a comprehensive response.
This development introduces some uncertainty, as a resolution could impact operational costs or compliance. However, if addressed effectively, it may reaffirm the company’s diligence in regulatory matters, potentially fostering a positive outlook among investors.