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Excise dept slaps notice on Diageo; asks it to pay Rs 53crore

Press Trust of India  |  Mumbai 

The department has issued a notice to liquor giant India, asking it to pay more than Rs 53 crore as penalty for allegedly evading duty while importing bulk scotch.

The "demand notice," issued to India and Konkan Agro Marine Industries on April 20, stated that difference was found between the transit passes and the bills of landing related to import of bulk scotch.

Konkan Agro is a third party bottling unit of

When contacted today, a declined to comment, saying the matter was sub-judice.

The department's flying squad in adjoining Thane had submitted a report in the case on August 30, 2017, after which the demand notice was sent.

The notice stated that upon examining the company's records, it was found that duty amounting to Rs 17.76 crore was evaded on 5,92,085 litres of whiskey.

As per rules, the company would have to shell out three times the evaded duty, which amounts to Rs 53.28 crore, the notice said.

According to sources, Diageo has challenged the notice in the Aurangabad bench of the Bombay High Court, which asked the company to deposit Rs 13 crore with it.

The said the final hearing in the case is slated for Monday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 19:50 IST