Radico Khaitan Limited has issued an update regarding an action by the Directorate of Revenue Intelligence (DRI). The DRI has seized goods valued at approximately ₹2.64 crore. The company states this pertains to an industry-wide customs tariff classification issue and is engaged with authorities for an early resolution. Radico Khaitan Limited assures that it is taking steps to ensure no material impact on its business operations.
Update on Directorate of Revenue Intelligence Action
Radico Khaitan Limited has provided a crucial update concerning an ongoing matter with the Directorate of Revenue Intelligence (DRI). This announcement follows previous communications, with the DRI issuing seizure memos under Section 110 of the Customs Act, 1962.
Seizure of Goods and Valuation
The DRI has seized goods valued at approximately INR 2.64 crore. These seizure memos were officially issued on Friday, November 06, 2026, at 19:21 P.M. The company is actively working towards an early resolution of this matter and is cooperating with the relevant authorities to facilitate the release of the goods, adhering to Customs Regulations.
Nature of the Issue
The core of the issue involves an industry-wide dispute concerning the customs tariff classification of certain imported goods and the preferential tariff treatment under the India–United Kingdom (“UK”) Free Trade Agreement. This matter has also been discussed by the Industry Association with the Ministry of Commerce on November 02, 2026, where assurances for a swift resolution were provided.
Company’s Outlook and Operations
Radico Khaitan Limited is implementing necessary steps to ensure its operations continue in the normal course of business. As of the date of this communication, the company has not identified any material impact or disruption to its overall business activities. The company remains confident in achieving a satisfactory resolution.
Source: BSE
