Legal17 Oct 2026, 07:30 pm
United Spirits Searched by DRI Under Customs Act
AI Summary
United Spirits Ltd announced that the Directorate of Revenue Intelligence (DRI) initiated search operations at multiple locations on October 16, 2026, as part of an industry-wide exercise. The search was conducted under Section 105 of the Customs Act, 1962. The company has fully cooperated with the DRI, providing all requested documents and information. As of now, United Spirits states there is no impact on its financial or operational activities, and it will continue to cooperate as the matter progresses.
Key Highlights
- DRI initiated search operations at multiple locations.
- Action taken under Section 105 of the Customs Act, 1962.
- Company is cooperating fully with the authorities.
- No immediate financial or operational impact reported.
- Search is part of an industry-wide exercise.
Price Impact
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