According to a report published by the Economic Times, India’s National Anti-profiteering Authority (NAA) has ordered a new investigation into L’Oréal India. The NAA has lowered the amount to Rs 186 crore from Rs 216 crore in its initial report without specifying the reason for the cut. The agency revealed that as L’Oréal and the Director General of Anti-Profiteering did not give a reason for the change. “The reports furnished by DGAP cannot be accepted and he is directed to cause further investigation on the above issues and furnish a fresh report in terms of Rule 133 (4) of the CGST Rules, 2017,” the authority said in the order.
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