MUMBAI: Indian tax authorities have accused the local unit of chocolate giant Cadbury of evading $46 million in taxes by pretending to produce sweets at a factory that did not exist, a report said Wednesday.
Cadbury India manipulated invoices and other documents to get a tax exemption for companies that began production in new plants in the northern state of Himachal Pradesh by March 31, 2010, the Wall Street Journal reported.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!