Rushil Décor Limited announced that an order is passed by the Commissioner of Customs, Adjudication, Mumbai which is received by the Company on May 22, 2024. The details of the order: An order is passed by the Commissioner of Customs (Adjudication), Mumbai making demand of duty for an amount of INR 99,158,559 under section 28(8) of the Customs Act, 1962, An order to recover the Interest at the appropriate rate in respect of demand at para (i) above under section 28AA of the Customs Act, 1962, An order to pay Redemption Fine of INR 28,000,000 under section 125 of the Customs Act, 1962, and An order of Penalty of INR 9,700,000 under section 112(a) of the Customs Act, 1962 Date of receipt of direction: May 22, 2024. Details of the violation/contravention committed or alleged to be committed: The goods were imported by the company availing benefit of exemption from the payment of Customs Duty CIGST) under Customs Notification No.

79/2017 dated October 13, 2017. This exemption was available subject to the pre-import condition i.e. goods should be imported prior to the commencement of export. The order is issued by department alleging violation of the pre-import condition.