Adani Wilmar denies reports of GST raid on Parwanoo unit in HP; says 'no irregularities found', company not required to pay tax in cash
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”

An Adani Wilmar spokesperson said: “We would like to emphasise that this was a routine inspection carried out by the relevant authorities and there was no raid as previously stated or reported in the media.”
According to reports, the state department officials inspected the carrying and forward (C&F) unit of Adani Wilmar company based in Solan.
The spokesperson said: “One of Adani Wilmar’s depot warehouse at Parwanoo, Himachal Pradesh was visited by GST officials yesterday evening. The staff extended their support during this routine inspection, fully cooperating with the officials and local authorities."
As per initial information, the inspection was carried out after the company failed to deposit GST collection for multiple years, Indian Express reported.
According to the report, the action came a day after Congress leader Rahul Gandhi accused the ruling BJP in Parliament of having “close ties with the Adani Group”.
The report said citing officials that the unit’s documents and other goods in the facility were inspected, adding that they will prepare a report following which the next course of action will be decided.
In the statement, the Adani Wilmar spokesperson said: “The officials did not find any irregularities in the operations and dealings conducted by the company. We would like to clarify that the concerns specific to GST payments in cash, citing GST law under Rule 86B, the company is not required to pay tax liability in cash.”
The spokesperson further said, “We are committed to conducting business in a responsible and transparent manner, and all our operations are in full compliance with relevant laws and regulations."
“We would like to mention that the depot operations are functioning normally after the visit,” the spokesperson added.
It is worth noting that Adani Group is in the midst of a standoff with truck operators after the firm shut down two cement plants following the change in freight rates.
Adani Wilmar is a 50:50 joint venture between Adani Group and Singapore-based Wilmar with Fortune Oil one of its flagship products.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

PM Modi to unveil ₹62,000 crore youth-centric initiatives tomorrow; big push for education, jobs

'Will erase from map if terror continues': Army Chief’s stern warning to Pakistan

'Accept by Sunday 6 pm or all hell will break loose': Donald Trump issues ultimatum to Hamas

Massive hunt in different locations going on to nab 4 remaining jail breakers, SP
