BusinessPhoto: News18Old Monk Sale Ban Causes Rs 500 Crore Loss, 300 Workers Idle
Mohan Rocky Springwater Pvt. Ltd., maker of Old Monk rum, told the Bombay High Court that Maharashtra's excise department lost about Rs 350 crore in revenue due to a sale ban. The Food Safety and Standards Authority of India banned some variants in August for using artificial flavoring. The company reported over Rs 500 crore loss and 300 idle workers in its Thane unit. The product remains sold in other states despite Maharashtra's restrictions.
News18··Thane




