Cadbury India under probe for Rs 213 cr tax evasion
Quotes

Cadbury India under probe for Rs 213 cr tax evasion

Last Updated: Thursday, November 22, 2012, 23:18
 
 Comment 0
 
Cadbury India under probe for Rs 213 cr tax evasion
New Delhi: The government Thursday said that Directorate General of Central Excise Investigation (DGCEI) has detected two cases of tax evasion amounting to Rs 213 crore by the different units of the confectionery major Cadbury India Ltd.

"Two cases of tax evasion by Cadbury India Limited has been detected by DGCEI during the years 2009-10 to 2012-13 (up to October 31, 2012)", Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha.

The Minister said central excise duty evasion by Cadbury India, Baadi (Himachal Pradesh) involved an amount of about Rs 200 crore and was under investigation.

On service tax evasion case against Cadbury India, the Minister said it involved an amount of Rs 13.43 crore and that the case had been adjudicated and a demand of Rs 11.75 crore was confirmed along with a penalty of equal amount.

The Minister said a sum of Rs 12.08 crore tax with Rs 0.53 crore interest was realised.

When contacted Cadbury India spokesperson said, "we are fully cooperating with the authorities on this enquiry. Since the investigation currently is under way, it will be inappropriate on our part to discuss the details at this time".

PTI



First Published: Thursday, November 22, 2012, 19:13


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved