NAA fines Delhi detergent maker Excel Rasayan

The company’s argument that it had reduced the base price of the product when the GST was rolled out was rejected by the authority The National Anti-profiteering Authority (NAA) has found a Delhi-based detergent manufacturer guilty of profiteering and ordered the firm to deposit Rs 4.64 lakh, along with an 18% interest, to the consumer welfare fund. The company’s argument that it had reduced the b…