SM Auto Stamping Limited Surrenders EPCG Authorization to DGFT
SM Auto Stamping Limited has surrendered its Export Promotion Capital Goods (EPCG) Authorization to Assistant DGFT, Regional Authority Pune on April 21, 2026. The surrender was due to unutilization of the license, with no benefits availed under the schemes. This action has resolved Show Cause Notices dated March 17 and March 25, 2026, with no monetary impact on the company.

*this image is generated using AI for illustrative purposes only.
SM Auto Stamping Limited has formally surrendered its Export Promotion Capital Goods (EPCG) Authorization to regulatory authorities, resolving pending compliance matters with no financial impact on the company.
Regulatory Compliance Update
The company received the "Letter of Surrender of EPCG Authorization" from the Assistant DGFT, Regional Authority Pune on April 21, 2026. This follows previous intimations dated March 20, 2026 and March 25, 2026 regarding the matter.
Details of License Surrender
| Parameter | Details |
|---|---|
| Regulatory Authority | Assistant DGFT, RA PUNE |
| License Type | Export Promotion Capital Goods (EPCG) Authorization |
| Reason for Surrender | Unutilization of EPCG license |
| Documentation Status | Letter of Surrender and Unutilization Letter issued |
| Benefits Availed | None |
The EPCG Authorizations for two subject licenses have been formally surrendered to the concerned authorities. Following the submission of requisite documentation, the Department officially issued the Letter of Surrender and the Unutilization Letter for the aforementioned licenses, confirming that no benefits were availed under these schemes.
Resolution of Show Cause Notices
The formal surrender has successfully resolved the Show Cause Notices (SCNs) dated March 17, 2026 and March 25, 2026. These notices are now marked as closed following the issuance of the unutilization certificates.
Financial Impact Assessment
| Impact Category | Status |
|---|---|
| Monetary Impact | No monetary impact |
| Penalty | None |
| License Validity Period | Not applicable |
| Corrective Actions | License surrender completed |
The company has confirmed that there is no monetary impact from this license surrender. The surrender was executed due to the unutilization of the EPCG license, and no penalties have been imposed.
Company Profile
SM Auto Stamping Limited is a manufacturer of sheet metal pressed components and welded assemblies for automobile and electrical OEMs. The company operates multiple facilities in Maharashtra, including its registered office at MIDC Ambad, Nashik, and additional plants at the same location and in Sinnar.
Historical Stock Returns for SM Auto Stamping
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
Will SM Auto Stamping pursue new EPCG licenses or alternative export incentive schemes to support future expansion plans?
How might the company's decision to surrender unused export licenses affect its competitive positioning against peers who actively utilize such schemes?
What strategic shifts in SM Auto Stamping's business model led to the non-utilization of export promotion benefits?






























