Fujiyama Power Systems received a ₹13.97 crore customs duty demand notice for alleged mis-declaration of goods. The company believes it has grounds to appeal and has already provisioned for the amount.

Fujiyama Power Systems Receives ₹13.97 Crore Customs Duty Notice

Fujiyama Power Systems Ltd is facing a potential demand of approximately ₹13.97 crore in differential customs duty following a Show Cause Notice (SCN) issued by the Office of the Assistant Commissioner of Customs, Noida.

What just happened

The SCN, dated June 17, 2026, alleges that Fujiyama Power Systems mis-declared imported goods using an incorrect customs tariff code and incorrectly claimed an exemption. The authorities are demanding differential duty, interest, and potential penalties.

Why this matters

This notice involves a substantial sum for the company. While the management disputes the allegations and plans to appeal, the outcome of these proceedings will be critical for its financial health.

Reader Takeaway: Regulatory notice for ₹13.97 crore; Management confident, appeal planned.

The backstory

The alleged issue pertains to goods imported in FY 2024-25 and prior periods. The customs authorities claim the company used incorrect classification and wrongly availed an exemption.

What changes now

Fujiyama Power Systems intends to appeal the SCN within the stipulated time. The company stated it has already made appropriate provisions in its financial statements as per Indian accounting standards.

Risks to watch

Investors should watch the progress and outcome of the company's appellate proceedings. Any adverse ruling could lead to additional financial liabilities beyond the current provision.

Peer comparison

(No peer comparison data available in the filing).

Context metrics (time-bound)

The Show Cause Notice was issued on June 17, 2026. The company has 30 days to respond or appeal.

What to track next

Monitor the company's appeal filing and any subsequent communication from the customs authorities regarding the appellate proceedings.