Radico Khaitan: DRI Seizes Goods Valued at ₹2.64 Cr

Radico Khaitan Ltd has disclosed that the Directorate of Revenue Intelligence (DRI) has issued seizure memos under Section 110 of the Customs Act, 1962, for goods valued at approximately ₹2.64 crore. This action is in continuation of a previous intimation dated October 27, 2026. The seizure relates to an industry-wide issue concerning customs tariff classification and preferential tariff treatment under the India-UK Free Trade Agreement. The company is actively engaging with authorities and is confident of an early resolution, with assurances from the Ministry of Commerce for prompt action. Radico Khaitan states there is no material impact on its business operations currently and is taking steps to ensure normal business continuity.