Diageo evaded excise duty in India? Liquor gets giant penalised
The Maharashtra excise department has issued a notice to liquor giant Diageo India, asking it to pay more than Rs 53 crore as penalty for allegedly evading excise duty while importing bulk scotch
As per rules, Diageo India would have to shell out three times the evaded duty, which amounts to Rs 53.28 crore, the notice said. Image source: Reuters