DRI Seizes Goods Worth ₹30.14 Cr from Tilaknagar Industries

Tilaknagar Industries Ltd has informed that the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, has issued a seizure memo under Section 110 of the Customs Act, 1962. The seizure pertains to goods valued at approximately INR 30.14 crore. This action is in continuation of a previous intimation dated October 23, 2026. The seizure memos were received on November 05, 2026. The company is actively engaging with authorities for an early resolution and release of the goods. The matter relates to industry-wide customs tariff classification of certain imported goods and preferential tariff treatment under the India-UK Free Trade Agreement. The company states there is no material impact on its operations as of now and is taking necessary steps to continue business as usual.