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Dabur India has been issued a tax demand of Rs 4.42 crore by the Commissioner of Customs (Prev.), Patna, the FMCG company said in an exchange filing.
The demand comprises:
>Tax liability under Section 28(4) of the Customs Act, 1961, amounting to Rs 1.06 crore.
>Applicable interest under Section 28AA.
>Penalty of Rs 2.11 crore under Sections 114A and 114AA.
>Fine of Rs 1.25 crore under Section 125(2).
The order, issued by the Commissioner, pertains to IGST on imported goods for the period from June 2019 to April 2024.
The company received the order on December 5, 2024, and disclosed the information in compliance with Regulation 30 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In August this year, Dabur India announced plans to establish a Rs 400-crore manufacturing facility in Tamil Nadu's Villupuram district, marking its first venture in the southern region.
State Industries Minister TRB Rajaa said that Dabur has signed a memorandum of understanding (MoU) with the Tamil Nadu government to formalise the project.
According to the agreement, the initial phase involves an investment of Rs 135 crore, which will increase to Rs 400 crore within five years, the company stated.
Located in SIPCOT Tindivanam, Villupuram district, the new facility aims to strengthen Dabur's presence in South India, which currently contributes approximately 18-20 per cent of its domestic revenue.
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