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"The Directorate of Revenue Intelligence has conducted a search at the Corporate office of the Company viz. Havells India Limited in Noida, which concluded this morning on 4th November 2023 at around 2:20 am," Havells India said in a regulatory filing.
The Directorate of Revenue Intelligence (DRI) conducted a search operation at the corporate office of Havells India, a major electrical goods and appliances manufacturer, over alleged mis-classification in the import of heating elements. Havells India stated that the impact on its financial and operational activities cannot be quantified at this time, but in a preliminary assessment, it is not expected to have a material impact.
India News: NEW DELHI: The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer.
"The Directorate of Revenue Intelligence has conducted a search at the Corporate office of the Company viz. Havells India Limited in Noida, which concluded this morning on 4th November 2023 at around 2:20 am," Havells India said in a regulatory filing.
The search was conducted over 'alleged mis-classification in import of Heating Element,' the company said