EXCLUSIVE: India's capital city has banned Anheuser-Busch InBev, the world's largest brewer, from selling its products in the key New Delhi market for three years for allegedly evading local taxes by AdityaKalra
NEW DELHI - India’s capital city has banned the world’s largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for 3 years for allegedly evading local taxes, government orders seen by Reuters showed.
AB InBev said in a statement it denied the Delhi government’s allegations and would appeal against the order. “This means the company is debarred from Delhi market for all purposes, unless they appeal against this,” said the official, adding that no fresh stock of AB InBev beer brands can be sold at liquor shops or restaurants.AB InBev, which counts popular beer brands such as Budweiser, Hoegaarden and Stella Artois in its portfolio, told Reuters the Delhi government’s allegations related to operations of SABMiller prior to its takeover, and it looked forward to receiving a fair hearing on the matter.
Though separate local market share figures were not available, industry executives said the Delhi ban would be a major setback for AB InBev, This month, AB InBev cancelled the planned listing in Hong Kong of its Asia Pacific unit, citing “several factors, including the prevailing market conditions”.A young and affluent population and a growing pub culture, especially in the big cities, have spurred beer consumption in India. That is despite the fact that the industry is tightly regulated, with most states individually regulating pricing and imposing taxes, which form a vital source of their revenues.
A follow-on investigation showed that some beer bottles sent to the bar in November had identical barcodes to those found in the inspection in August, the government order said.FILE PHOTO: A waiter pours Stella Artois draught beer at a pub in Mumbai, India, October 20, 2018. REUTERS/Danish Siddiqui/File Photo
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