Nestle India faces Rs 69 lakh tax penalty
4 Articles
4 Articles


Nestle India faces Rs 69 lakh tax penalty
Mumbai: Nestle India Limited on Wednesday announced that it has been hit with a tax penalty of Rs 69.45 lakh after the Appellate Authority upheld an earlier order issued under the Customs Act, 1962. The penalty arose from a customs duty dispute, as the company had initially appealed against the Deputy Commissioner of Customs’ decision. However, the appeal was rejected, confirming the demand for customs duty, interest, and an equal penalty amount…
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