BackCadbury India unit being probed for possible tax evasion
Two cases, that invlove around $36.29 million, have been detected, said minister
Premium(Hemant Mishra/Mint)
New Delhi: India is investigating Cadbury’s local unit for possible tax evasion, a junior finance minister said on Thursday, in a probe involving about $36.29 million.
“Two cases of tax evasion by Cadbury India Ltd have been detected by the Directorate General of Central Excise Intelligence during the years 2009-10 to 2012-13, up to 31 October 2012," S.S. Palanimanickam told Parliament in a written reply.
The latest of the two cases involves central excise duty, the minister said.
Cadbury’s India unit is controlled by Mondelez International Inc. A Cadbury spokesman could not immediately be reached for comment.
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