Tilaknagar Industries announced that the Directorate of Revenue Intelligence (DRI) initiated a search proceeding on October 22, 2026. This action relates to 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 has stated there is currently no impact on its financial or operational activities.
Regulatory Search Initiated
Tilaknagar Industries Ltd. has disclosed that the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, commenced a search proceeding on October 22, 2026. This action is undertaken in accordance with Section 105 of the Customs Act, 1962.
Industry-Wide Review
The company understands that these search operations are part of a broader, industry-wide exercise. This review by the Revenue Authority is focused on the applicability of Harmonized System of Nomenclature (HSN) Codes specifically for the import of bulk Scotch. The search was conducted at the company’s Corporate Office and one of its manufacturing facilities located in Ahilyanagar, concluding on October 22, 2026, at 18:00 hrs IST.
Company’s Current Stance
Tilaknagar Industries has emphasized that, as of the current reporting date, there is no impact on its financial, operational, or other activities. The company has pledged full cooperation and assistance to the DRI, providing all necessary documents, clarifications, and information requested during the search.
Source: BSE
