Rival manufacturer accuses Bajaj Healthcare of tax evasion

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Published: July 20, 2015 11:45:49 PM

A company today accused Bajaj Healthcare of tax evasion amounting to several crores, a charge strongly denied by the latter.

A company today accused Bajaj Healthcare of tax evasion amounting to several crores, a charge strongly denied by the latter.

The city-based Bajaj Healthcare, promoted by Sajan Kumar Bajaj (not related to industrialist Rahul Bajaj or his corporate Group), services various pharmaceuticals, nutraceutical and food industries.

“Bajaj Healthcare obtained three advance licences to import crude caffeine, without paying the customs duty, from the office of Joint Director General of Foreign Trade by falsely producing a drug licence to manufacture caffeing anhydrous USP,” Shri Ahimsa Mines & Minerals Managing Director Nemi Chand Jain claimed here.

Ahimsa Mines also makes and exports natural caffeens and calcium citrate among other nutritional ingredients.

Bajaj Healthcare manufactures and exports nutritional supplements, amino acids, chlorhexidine products, minerals and nutritional supplement materials.

Jain further alleged that Bajaj Healthcare has falsely declared that it would process imported raw materials at its Boisar factory (near Mumbai) and export the end product though it does not hold a proper drug licence from FDA.

However, when contacted Bajaj Healthcare Vice-Chairman Anil C Jain denied all the allegations and said Jain is biased towards his company.

Directorate of Revenue Intelligence (DRI) had investigated the alleged case of misuse of advance licences by Bajaj Healthcare and submitted a report to the customs which in turn issued a demand notice for Rs 8 crore on the company, Jain said.

Jain also alleged that another Group company Bajaj Health & Nutrition wrongly availed of the benefit of sales and income-tax exemptions amounting to several crores without carrying out any manufacturing activity in Silvassa.

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