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The Delhi High Court (HC) has directed cosmetics maker L’Oreal to deposit the “principal profiteered” amount of Rs 186 crore in the consumer welfare fund in six monthly installments. However, it has stayed the penalty proceedings and investigation by the anti-profiteering authority until further orders.
A bench of Justices Manmohan and Dinesh Kumar Sharma issued the direction on L’Oreal’s plea challenging the June order of the National Anti-profiteering Authority (NAA) which held that the company deprived its customers of the benefits of reduction in Goods and Services Tax (GST).
L’Oreal has also challenged the constitutionality of section 171 of the
