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7 July, 2015

Nestle pays Ambuja Cements Rs 20 crore to destroy Maggi packets

Comments : 1 Posted in : News, Ratings on by : Rita

NEW DELHI: Nestle India has paid Rs 20 crore to Ambuja Cements for destroying Maggi instant noodles, which were found to be harmful for human consumption by the food regulators in the country.Ambuja Cements, formerly known as Gujarat Ambuja Cements, is believed to have been paid the amount for burning the recalled packets of Maggi noodles at its cement plant in Chandrapur in Maharashtra.

READ ALSO: Nestle India to resume export of Maggi noodles

When contacted, a Nestle India spokesperson told PTI: “Gujarat Ambuja Cements is … helping us to destroy the Maggi noodles being withdrawn by us from the market.”

While the spokesperson did not confirm the cost involved in burning Maggi at Ambuja Cements plant, he said: “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.”

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.

READ ALSO: A month into Maggi fiasco, sales of instant noodles crash 90%

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.

 

1 COMMENT

One thought on : Nestle pays Ambuja Cements Rs 20 crore to destroy Maggi packets

  • Emily
    July 8, 2015 at 12:21 pm

    I’m glad for india’s band on nestle. I wish someone would ban Monsanto for poisoning the U.S. Population with their gmo foods, round up weed killer etc.

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