NAA: Holds P&G Group guilty with warning - “Anti-profiteering provisions bound to remain...”

NAA upholds Rs. 241 crores profiteering against P&G Group in respect of its 3 subsidiaries (i) Procter & Gamble Home Products Pvt. Ltd. (181 crores) (ii) Procter & Gamble Hygiene and Health Care Ltd. (2 crores) and (iii)  Gillette India Ltd. (58 crores), however, sets aside penalty; Directs deposit of 50% profiteered amount in Central CWF and balance in CWF of 33 States/UTs along with 18% interest; Allows DGAP to carry-out further investigation to c...