November 22, 2012 2:10 PM IST

India to Probe Cadbury Local Unit for Possible Tax Evasion

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India to Probe Cadbury Local Unit for Possible Tax Evasion

India is investigating Cadbury's local unit for possible tax evasion, a junior finance minister said on Thursday, in a probe involving about 2 billion rupees.

The Cadburys logo is seen on a bar of chocolate.

"Two cases of tax evasion by Cadbury India Limited has been detected by the Directorate General of Central Excise Intelligence during the years 2009-10 to 2012-13, up to 31st October, 2012," S.S. Palanimanickam told parliament in a written reply.

The latest of the two cases involves central excise duty, the minister said.

Cadbury's India unit is controlled by Mondelez International Inc (MDLZ.O). A Cadbury spokesman could not immediately be reached for comment.

Copyright 2012 Thomson Reuters. All rights reserved.
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