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CVC probes Rs 580 cr alleged excise duty evasion by Cadbury

CVC probes Rs 580 cr alleged excise duty evasion by Cadbury

In the second major case involving a foreign company under its probe, the Central Vigilance Commission (CVC) is investigating alleged excise duty evasion to the tune of about Rs 580 crore by confectionery giant Mondelez, maker of Cadbury chocolates.

Taxman demands $88 mn from Cadbury in tax dispute

But it has also vowed to step back from what critics call "tax terrorism" after high profile cases, such as bumper claims against Vodafone Group Plc, threatened to tarnish its reputation.

Over Rs 570 cr excise duty evasion demand against Cadbury

After completion of its investigation, the DGCEI had slapped a show-cause notice to the firm demanding about Rs 250 crore against excise duty evasion, they said.

Malaysia Muslim groups call for boycott of Cadbury, Kraft foods after pork traces

Cadbury Malaysia, a part of Mondelez International Inc, on Monday recalled the Dairy Milk chocolates after Malaysian authorities found the pork traces during a random test. Products in this Muslim majority Southeast Asian nation are regularly checked to ensure they are halal, or permissible according to Islamic law.

Cadbury India changes name to Mondelez India Foods Ltd

Cadbury India, a subsidiary of Mondelez International, Monday changed its name to Mondelez India Foods Limited.

Fin Min moves to recover IT exemption availed by Cadbury

Sources said on top of the excise duty exemption, Cadbury is alleged to have wrongly claimed income tax exemption on profit earned through its production unit.

Rs 252 crore excise duty evasion notice to Cadbury

During its investigation, the officials found that the company claimed excise duty exemption for its new unit in Sandoli village in Baddi, relating to a period even before it came into existence, the sources said.

Nestle wins trademark battle against Cadbury over kitkat bar’s shape

Nestle has won a trademark lawsuit against Cadbury over their rights to KitKat chocolate bar’s four-fingered and three-dimensional shape.

Cadbury India under probe for Rs 213 cr tax evasion

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.

Cadbury under lens for Rs 100 cr alleged excise duty evasion

Confectionery firm Cadbury India Limited has come under the scanner of financial intelligence sleuths for alleged excise duty evasion of about Rs 100 crore.

Companies given ‘unrivalled platform’ to endorse junk food at London Games

Large brands like Coca-Cola, McDonald’s and Cadbury’s have been provided with an unrivaled platform to promote unhealthy and junk food to children at the London Olympics, according to a report titled The Obesity Games.

Cadbury secures favourable HC order in trademark case

The chocolate manufacturer had sought court's order to restrain Lodha Garments from using 'Cadbeery' as trademark for jeans, trousers, shirts and pants.

Cadbury apologises to Naomi Campbell for racist chocolate ad

Cadbury has finally apologised to Naomi Campbell for their latest advertisement of Dairy Milk Bliss in which they compared her to the chocolate.

Naomi Campbell to sue Cadbury over `racist` commercial: Report

Supermodel Naomi Campbell is reportedly set to take legal action against confectioners Cadbury over a `racist` ad where she was compared to a chocolate bar.

Cadbury`s top bosses resign following Kraft`s takeover

Within a month of Cadbury`s buyout by American chocolate maker Kraft Foods, top three executives of the British confectioner have announced their resignation from the company.

Kraft lowers acceptance condition from Cadbury shareholders

US food major Kraft Foods on Wednesday
said it required only 50 per cent support from Cadbury
shareholders to take over the British confectioner.

Cadbury shares jump 4% on LSE on Kraft offer

The shares of Cadbury on Tuesday jumped
nearly four per cent to touch its year-high on the London
Stock Exchange after the confectionery major accepted the
takeover offer by American food company Kraft Foods.

India will remain a key market: Cadbury

Confectionery maker Cadbury,
which has agreed to be acquired by US-based Kraft Foods, on Tuesday
said India will remain a key market for its business.

Kraft snares Cadbury for $19.6 bn

Kraft Foods agreed a recommended deal to buy Cadbury for around 11.9 billion pounds ($19.6 billion), creating the world`s top confectioner after frantic last-minute talks broke an impasse over price.

Kraft, Cadbury discuss possible $19 bn deal

Kraft Foods Inc and Britain`s Cadbury Plc are holding talks about a potential friendly deal to create the world`s largest confectionery group for up to $19 billion, sources familiar with the matter said on Monday.