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India probes Cadbury for Rs.213 crore tax evasion

Source : IANS
Last Updated: Thu, Nov 22, 2012 12:10 hrs

New Delhi, Nov 22 (IANS) Indian authorities are investigating the local unit of chocolate maker Cadbury for possible tax evasion to the tune of Rs.213 crore, Minister of State for Finance S.S. Palanimanickam said Thursday.

Cadbury is being probed for two cases of tax evasion. One case is related to service tax evasion involving an amount of Rs.13.43 crore and the other case is related to central excise duty evasion involving an amount of nearly Rs.200 crore.

"Two cases of tax evasion by Cadbury India Limited have been detected by the Directorate General of Central Excise Intelligence during the years 2009−10 to 2012−13, up to 31st October, 2012," Palanimanickam said in a written reply to a question in the Rajya Sabha, the upper house of parliament.

The minister said in both cases the tax authorities have taken action.

"The duty confirmed is recovered after attaining finality of quasi−judicial proceedings as well as appellate proceedings," he said.




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