Nestle India pays Rs 20 crorre to Ambuja Cement in demolishing of Maggi Noodles.

Posted on 7th Jul 2015 04:46 pm by rohit kumar verma

On June 5, when 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.

 

 

Nestle India pays Rs 20 crorre to Ambuja Cement for destroying the Maggi Noodles, which was declared and proved by the food regulators of India. By Ambuja cement 'The cost is for the process of burning the recalled packets of maggi noodles at one of its cement plant in chandrapur, maharashtra.'

By some of our resources, Nestle Inida spokesperson said that Gujrat Ambuja Cement is helping us in destroying the maggi noodles being withdrawn by us from the market.

 

When contacted, a Nestle India spokesperson said: “Gujarat Ambuja Cements is… helping us to destroy the Maggi noodles being withdrawn by us from the market.In addition to the value of stocks being destroyed there will be additional costs to take into account, for example bringing back stock from the market, transporting the stock to the destruction points and destruction cost etc.

 

 

While resorces said Nestle spokes person nothing clarifies any statement on the cost of burning the maggi noodles.

 

 

However, Nestle India said, "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.

 

 

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