Cadbury evaded Rs 213 cr tax in India


The government today 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".

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus