NAA: Holds Nestle's methodology for passing on GST reduction, arbitrary; Upholds Rs.90 Cr profiteering allegation

National Anti-Profiteering Authority upholds case of profiteering against the FMCG Giant Nestle India Ltd, determining the profiteered amount at Rs. 90 crore approx. on various products such as MAGGI, Nescafe, KITKAT, etc.; Finds the methodology adopted by the Respondent to pass on the benefit of reduction in GST rates to be incorrect, arbitrary, illegal and violative of Article 14 of the Constitution, also denies computation of grammage benefit given; Holds that benefit of r...