Food firm pays Rs400 cr to settle tax dispute

Tribune Web Desk

Updated At : 12:59 PM Jan 24, 2020 IST

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New Delhi, January 23

Mondelez India Foods Private Limited, manufacturer of Cadbury chocolates, has paid over Rs 400 crore to settle a tax dispute involving an alleged phantom unit in India.

The Directorate General of Central Excise Intelligence had in 2011 initiated a probe against the company for allegedly misusing “area-based exemption” for a unit in Baddi, Himachal Pradesh, to avail excise duty benefits, even before it came into existence, officials said. — PTI

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