Tilaknagar Industries: DRI Initiates Search Proceedings
Tilaknagar Industries Ltd announced that the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, initiated search proceedings on October 22, 2026. This action is part of an industry-wide review concerning the applicability of HSN Codes for the import of bulk Scotch. The search was conducted at the company's Corporate Office and one manufacturing facility. The company stated that there is no impact on its financial or operational activities as of now and has extended full cooperation to the DRI.
Key Highlights
- DRI initiated search proceedings on October 22, 2026.
- Action relates to industry-wide review of HSN Code for Scotch imports.
- Search conducted at corporate office and a manufacturing facility.
- Company reports no current financial or operational impact.
- Full cooperation extended to the Directorate of Revenue Intelligence.
Price Impact
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