Philip Morris Says Godfrey Phillips Charges Machinery Costs: Report

Philip Morris Says Godfrey Phillips Charges Machinery Costs; Calls It "Business Expense": Report

Invoices issued by Godfrey showed billing of Rs 4.55 crore to Philip Morris between December 2013 and January 2018 for manufacturing-related charges.

Corporates | | Updated: March 14, 2019 10:41 IST
Philip Morris Says Godfrey Phillips Charges Machinery Costs; Calls It 'Business Expense': Report

India prohibited foreign direct investment in cigarette manufacturing in 2010.