Customs search and seizure at Visakhapatnam unit; company says no financial impact
The Customs Department conducted a Search and Seizure at the company's Visakhapatnam Unit only, under Section 105 of the Customs Act, 1962.
By ScoutQuest · · 1 min read
- Action and Legal Provision
- Search and Seizure under Section 105 of the Customs Act, 1962
- Location Involved
- Visakhapatnam Unit only
- Timeline Stated
- commenced 9 October 2026 at around 3:00 P.M.; concluded 10 October 2026 at 3:30 A.M.
Customs Search and Seizure at the Visakhapatnam Unit
The company has disclosed a Search and Seizure conducted by the Customs Department at its Visakhapatnam Unit only. The action was carried out under Section 105 of the Customs Act, 1962. The authority named in the update is the Senior Intelligence Officer, Directorate of Revenue Intelligence, Visakhapatnam Regional Unit.
Timeline as stated
- The Search and Seizure commenced on 9 October 2026 at around 3:00 P.M.
- It concluded on 10 October 2026 at 3:30 A.M.
What the company says
- All details and documents asked by the officers during the Search and Seizure proceeding have been provided to them.
- There is no financial impact at this point in time.
- The business operations of the Company continued without any disruption despite the Search and Seizure.
- The Company has extended its fullest co-operation to the authorities and has responded to the clarifications and details sought by them.
Disclosure timing
The letter is dated 13 October 2026. The company states that the delay in making this disclosure was inadvertent and has requested that the delay be condoned.
How to read this
A Search and Seizure is a step taken by an investigating authority in the course of an inquiry. The update identifies the Visakhapatnam Unit as the location involved and states that business operations carried on without disruption. The company's stated position is that there is no financial impact at this point in time.
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