The anti-profiteering investigation initiated against Phillips India Limited by the Director-General of Anti Profiteering has been stayed by the Delhi High Court.
The petitioner company has been directed to deposit Rs.4,53,949/- with Central and State Consumer Welfare Boards within three months.
A writ petition was moved by Phillips India Limited against the order passed by the National Anti-Profiteering Authority whereby it has been held that the Petitioner had contravened the provisions of Section 171 of CGST Act whereby it has been held that the Petitioner had contravened the provisions of Section 171 of CGST Act
The Court stated that - 'The interest amount as well as penalty and further investigation with regard to other impacted products issued by the Director-General of Anti Profiteering are stayed till further orders.'
The court will next take up the matter on September 07.