Cadbury Fakes Factory in India
Cadbury used nonexistent factory in India to avoid taxes
Cadbury Plc, now part of Mondelez International Inc (MDLZ.O), used a nonexistent factory in India to avoid about $46 million in taxes, the Wall Street Journal reported on Tuesday, citing a report by the Indian tax authorities. Cadbury’s Indian unit manipulated invoices and other documents to get an exemption from taxes available to companies that began production in new plants in Himachal Pradesh by March 31, 2010, the Journal said. The Directorate General of Central Excise Intelligence.
which conducted the investigation, concluded that the factory could not have existed by the deadline as the company had not received the necessary approvals from government agencies, the Journal said. Mondelez is reviewing the content of the show-cause notice from India’s excise department, spokesman Michael Mitchell told Reuters in an emailed statement. “We have been fully cooperating with the authorities on this enquiry,” Mitchell said. Tax officials in India could not be reached for comment outside regular business hours. India had said in November it was investigating the local unit of Cadbury, saying the company may have evaded as much as 2 billion Indian rupees in taxes..
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