Philip Morris says Indian partner charges machinery costs; calls it ‘business expense’

March 13, 2019 admin Business News Comments Off on Philip Morris says Indian partner charges machinery costs; calls it ‘business expense’

Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules.

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Source:: Reuters – Business News

      

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