DRI visits Mumbai office and Aurangabad plant in industry-wide HSN code review of bulk Scotch imports
DRI officials visited the company's Mumbai corporate office and one manufacturing facility at Aurangabad on 21st October 2026.
By ScoutQuest · · 2 min read
- Visit date
- 21st October 2026
- Visit conclusion time
- 07:15 P.M. IST
- Alleged violations/contraventions
- Not Applicable
The disclosure was made under Regulation 30 of the SEBI Listing Regulations and sets out the particulars of a visit by a central revenue authority to company premises.
What the disclosure says
- The authority is the Directorate of Revenue Intelligence, Department of Revenue, Ministry of Finance.
- Its officials visited the company's Mumbai corporate office and one of its manufacturing facilities at Aurangabad.
- The visits were under provisions of the Customs Act, 1962.
- The stated subject is an industry-wide review being undertaken with regard to the applicability of HSN Code for import of bulk Scotch.
- The visit was initiated on 21st October 2026 and concluded at 07:15 P.M. IST.
Why HSN code classification matters
- HSN codes are the classification numbers used for imported goods. The code applied to a consignment decides which duty rate and conditions apply to it.
- A review of classification for import of bulk Scotch therefore concerns how the industry as a whole labels and declares such imports, not a single company's transaction.
- Bulk Scotch is an input related to the company's whisky business, which is why a classification question on it is relevant to the business.
What the company says about the outcome so far
- Against the column for details of violation(s)/contravention(s) committed or alleged, the entry reads "Not Applicable".
- On impact, the company states there is no impact on financials or operational activities of the Company.
- The company adds that, if required, it will continue to provide full cooperation in future.
What to keep in view
- This is a regulatory-development disclosure. The company's own position is that no contravention is alleged and that there is no financial or operational impact.
- The disclosure is framed around an industry-wide review, so the subject is a sector-level classification question rather than a company-specific finding in the text.
- The company's stated quantified impact position is "no impact" on financials or operational activities, alongside a commitment to cooperate.
The takeaway for a reader: the news is a visit by a revenue intelligence authority over how imports of bulk Scotch are classified, a matter the company places in an industry-wide context and to which it attaches no financial or operational impact.
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