Nestle India pays Ambuja Cements Rs 20 cr to destroy Maggi - While the spokesperson did not- Navbharat Times Photodhamal

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While the spokesperson did not confirm the cost involved in burning Maggi, 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.”

In This Pic : Nestle India, Maggi instant noodles, Maggi, Ambuja Cements

Pic Courtesy : BCCL - Non Copyright

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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.

In This Pic : Nestle India, maggi noodles, Ambuja Cements

Pic Courtesy : BCCL - Non Copyright

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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.

In This Pic : Nestle India, Maggi instant noodles, Ambuja Cements

Pic Courtesy : BCCL - Non Copyright

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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.

In This Pic : Nestle India, Maggi instant noodles, FSSAI, Ambuja Cements

Pic Courtesy : BCCL - Non Copyright