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Revenue Tax Raids At Producers Of Dolo-650, Tablet That Received In style Throughout Covid


Income Tax Raids At Manufacturers Of Dolo-650, Pill That Got Popular During Covid

Bengaluru:

The Revenue Tax division Wednesday performed searches on the premises of Bengaluru-based pharmaceutical firm Micro Labs Ltd, the producers of Dolo-650 pill that was broadly utilized by COVID-19 sufferers over the last over two years, on prices of alleged tax evasion.

Officers stated the division is monetary paperwork, stability sheets and enterprise distributor networks of the corporate as a part of the searches.

The PTI has despatched queries on the motion to the corporate and a response is awaited.

Another linked places of the corporate in different cities and people of its promoters and distributors are additionally being lined, they stated.

The corporate stated on its web site that it was engaged within the making and advertising pharmaceutical merchandise and APIs (Energetic Pharmaceutical Substances) and has 17 manufacturing models throughout the nation aside from conducting enterprise abroad.

Its main pharma merchandise are Dolo-650, Amlong, Lubrex, Diapride, Vildapride, Olmat, Avas, Tripride, Bactoclav, Tenepride-M and Arbitel.

Dolo-650, an analgesic (ache killer) and antipyretic (fever-reducing) was being prescribed by docs and medical store homeowners for coronavirus sufferers to cut back ache and fever, frequent signs attributable to Covid.

Within the phrases of the corporate, Dolo-650, is “nearly a family identify throughout the nation”.

The corporate web site showcased a information article, printed in February, on its web site that stated: “The corporate has bought 350 crore tablets (of Dolo-650) because the Covid-19 outbreak in 2020, and earned revenues of Rs 400 crore in a yr.”  The CMD of the corporate, Dilip Surana, has been quoted within the story.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)



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