) will face a “substantial adverse impact” on its business in New Delhi and is already incurring losses due a ban on its beer sales in the city amid allegations of tax evasion, it said in a court filing seen by Reuters.
Local authorities in July barred AB InBev, the world’s largest brewer, from selling all its beer brands in New Delhi for three years on allegations of evading local taxes. AB InBev has denied the allegations. A counsel for the Delhi government in the case, Ramesh Singh, did not comment on the contents of AB InBev’s court filing, but said “going by records, it seems like a classic case of excise duty evasion”.
AB InBev’s beer portfolio includes famous brands such as Budweiser, Hoegaarden, Corona and Stella Artois.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »