Excise department slaps â¹53 crore penalty on Diageo India
The Maharashtra excise department has slapped â¹53.28-crore penalty on liquor giant Diageo India for allegedly evading excise duty while importing bulk scotch. Upon examining the company's records, it was found that excise duty of â¹17.76 crore was evaded on 5,92,085 litres whiskey, the excise department's notice said. As per rules, the company has to pay three times the evaded duty.