Nestle Meri Maggi to be destroyed by Ambuja Cement
Nestlé India pays Rs 20 crore to Ambuja Cements for destroying Meri Maggi instant noodles found to be harmful for human consumption by the food regulators in the country
"Ambuja Cements is… helping us to destroy the Maggi noodles being withdrawn by us from the market,” said Meri Maggi spokesperson.
Nestle India said that these costs and other unforeseen costs associated with the withdrawal will be dealt with in line with the applicable accounting standards at the time of announcing the financial results on the due dates. Last month, Nestle India said it is in the process of destroying Maggi instant noodles worth Rs 320 crore after it was banned by the central food safety regulator FSSAI due to presence of lead and taste enhancer monosodium glutamate (MSG) beyond permissible limits.
On June 5, FSSAI banned Maggi directing Nestle to immediately withdraw and recall all nine variants of Maggi instant noodles from market. Nestle India has also recalled the product from the market. Nestle India has challenged the ban order in the Bombay High Court. -
See more at: http://indianexpress.com/article/india/india-others/nestle-pays-ambuja-cements-rs-20-crores-to-destroy-maggi-packets/#sthash.6YNUirj3.dpufAmbuja
"Ambuja Cements is… helping us to destroy the Maggi noodles being withdrawn by us from the market,” said Meri Maggi spokesperson.
Nestle India said that these costs and other unforeseen costs associated with the withdrawal will be dealt with in line with the applicable accounting standards at the time of announcing the financial results on the due dates. Last month, Nestle India said it is in the process of destroying Maggi instant noodles worth Rs 320 crore after it was banned by the central food safety regulator FSSAI due to presence of lead and taste enhancer monosodium glutamate (MSG) beyond permissible limits.
On June 5, FSSAI banned Maggi directing Nestle to immediately withdraw and recall all nine variants of Maggi instant noodles from market. Nestle India has also recalled the product from the market. Nestle India has challenged the ban order in the Bombay High Court. -
See more at: http://indianexpress.com/article/india/india-others/nestle-pays-ambuja-cements-rs-20-crores-to-destroy-maggi-packets/#sthash.6YNUirj3.dpufAmbuja
.jpg)
Post a Comment