Havells raid: DRI conducts search operation at Havells India corporate office
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.
Source: indiatimes.com