Dabur India has received a tax demand of INR 4.42 crore from the Commissioner of Customs (Prev.), Patna.
Tax demand on IGST on imported goods
The demand includes tax liability of INR 1.06 crore, applicable interest, a penalty of INR 2.11 crore, and a fine of INR 1.25 crore. This order pertains to IGST on imported goods for the period from June 2019 to April 2024.
Continue Exploring: OYO’s luxury brand SUNDAY launches overseas properties in London & Dubai
“The order issued by the learned Commissioner is related to IGST on import of goods for the period from June 2019 to April 2024,” the company stated in an exchange filing. Dabur India plans to appeal this decision before the appellate tribunal, confident of getting a favourable outcome. “The company will challenge the order on strong merits and is likely to get a favourable outcome in higher forums,” the company said.
The tax demand is not expected to impact the company’s financial operations and other activities. “There is no impact on the financial operations and other activities of the company due to this order. The impact (if any) will be limited to the extent of the final demand towards tax as may be ascertained along with applicable interest and penalty, if any,” the company stated.
Dabur India announces new facility in Tamil Nadu
In other news, Dabur India is setting up a INR 400-crore manufacturing facility in Tamil Nadu’s Villupuram district, marking its first venture in the southern region. The new facility aims to strengthen Dabur’s presence in South India, which currently contributes approximately 18-20 per cent of its domestic revenue.
Continue Exploring: ITC aims for 4,000 FPOs, connecting 10 Mn farmers in next five years
Located in SIPCOT Tindivanam, Villupuram district, the facility will be established with an initial investment of INR 135 crore, which will increase to INR 400 crore within five years.
