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22, Dec 2024
TNPSC Group I Topper Corner
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Fine on HUL

December 27 , 2018 2187 days 957 0
  • The National Anti-Profiteering Authority has imposed a fine of Rs 383 Crore to Hindustan Unilever Ltd (HUL) for failing to reduce the maximum retail price (MRP) of products after last year's GST rate cut.
  • National Anti-profiteering Authority was constituted by the central government.
  • It was constituted to provide an institutional mechanism under the GST law for checking the unfair profit-making activities by the trading community.

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