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The corporate clarified that the quantity referred to pertains to the whole gross sales and advertising bills incurred by the corporate for its complete India enterprise within the final 5 years’ interval and spent throughout its entire portfolio.
“That is extremely deceptive and is affecting the fame of Micro Labs, pharmaceutical business and docs,” the spokesperson added in an announcement.
In a Supreme Court docket petition, an NGO knowledgeable the courtroom that the Central Board of Direct Taxes has accused the Bengaluru-based drug agency of distributing Rs 1,000 crore freebies to docs for prescribing its 650 mg tablets.
The spokesperson highlighted that regardless of the uncooked materials price rising 3 times throughout COVID, the pharma firm maintained its uninterrupted provides with none value change as per the federal government fastened retail value of lower than Rs 2 per pill.
With a cheap choice like Dolo 650, docs throughout the nation have been in a position to handle most of their sufferers within the pandemic with out resorting to costly antiviral and different medicine, the spokesperson stated.
“To think about distribution of freebies price hundreds of crores is thus extremely preposterous, he added.
The medicine has been prescribed by docs on account of its high quality, efficient and speedy aid from fever and on the belief constructed over three a long time, the spokesperson stated.
“We’re totally cooperating with the authorities to offer all the required info and clarification for his or her due consideration,” the spokesperson added.
Final month, the Earnings Tax division had carried out searches on the premises of the drug agency over alleged tax evasion.
(Inputs from PTI)
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