DGCEI imposes penalty of Rs 29 crore on Golden Tobacco

Golden Tobacco Ltd. | Cigarettes/Tobacco | FMCG | BSE: 500151 | NSE: GOLDENTOBC

17 May 2017 Evaluate

The Directorate General of Central Excise Intelligence (DGCEI) New Delhi, in the matter of KCL, Kanpur imposed a penalty of Rs 29 crore on Golden Tobacco. As per legal opinion penalty is wrongly imposed to the company. However, the company is in the process of taking legal action in this regard.

Golden Tobacco is a professionally managed organization in the field of tobacco and tobacco related products. The company has manpower strength of around 400 employees spread across manufacturing, purchasing, processing, sales and marketing. The Company has production facility at Vadodara, Gujarat.

Peers

Company Name	CMP
ITC	269.00
Godfrey Phillips Ind	1970.00
VST Industries	205.05
Indian Wood Products	35.51
NTC Industries	136.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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