VA Tech Wabag Limited — Others, 25-08-2025: Action(s) initiated or orders passed

VA TECH WABAG has received an order from the Commissioner of Customs regarding alleged incorrect availment of Duty Drawbacks on past exports. The order demands an excess Duty Drawback of INR 6.92 Cr (of which INR 0.60 Cr was already paid), a penalty of INR 20.12 Cr, and a redemption fine of INR 60.12 Cr. The company plans to challenge this order through legal remedies, asserting that this significant demand will not materially impact its financial or operational activities.