Tilaknagar Industries gets ₹30 crore customs seizure memo
- Legal
- Brew/Distilleries
Reviewed byRachit TripathiBlacklitt Research
Tilaknagar Industries (NSE: TI) has received a seizure memo from the Directorate of Revenue Intelligence, Mumbai Zonal Unit under Section 110 of the Customs Act, 1962, covering goods valued at approximately ₹30.14 crore, it said in a filing on 06 Nov 2026. The seizure memos were received on 05 Nov 2026.
Key highlights
- Goods valued at approximately ₹30.14 crore
- Seizure memos received on 05 Nov 2026 at 17:55 hrs IST
- Industry Association met the Ministry of Commerce on 02 Nov 2026
- Filing dated 06 Nov 2026 refers to the intimation of 23 Oct 2026
The seizure memo in numbers
| Item | Detail |
|---|---|
| Authority | Directorate of Revenue Intelligence, Mumbai Zonal Unit |
| Provision | Section 110 of the Customs Act, 1962 |
| Goods valued at | Approximately ₹30.14 crore |
| Memos received | 05 Nov 2026 at 17:55 hrs IST, by courier |
| Earlier intimation | 23 Oct 2026 |
| Company status | Engaging with the authorities and taking steps to seek release of the goods under Customs regulations |
The matter concerns tariff classification and a trade agreement
The filing says the matter relates to an industry wide customs tariff classification of certain imported goods and to preferential tariff treatment under the India-UK Free Trade Agreement. It says the Industry Association discussed the issue with the Ministry of Commerce on 02 Nov 2026, and that assurance was provided on earliest resolution by the apex levels of the government.
The company's response so far
The company says it is confident of an early resolution and continues to engage with the concerned authorities. It is taking the steps needed to seek release of the goods under Customs regulations.
This intimation continues the company's intimation of 23 Oct 2026. Blacklitt's article on that date covered a DRI customs search over bulk Scotch imports.
What the customs seizure means for Tilaknagar Industries' shareholders
The company says there is no quantifiable material impact or disruption to business as of now, and that it is continuing its operations in the normal course of business.
How long the goods will stay with the authorities, what duty is in dispute and whether a penalty or demand has been raised are not set out. The next step named is the company's continued engagement with the authorities, with no date given.
Filed with NSE on . Reference: Original filing (PDF)
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