The canteen stores department, the retailing platform for India’s army forces, has disregarded the selling of Patanjali Ayurved’s amla juice after getting an improper state-laboratory test report.
The CSD, which operates retail stores for India’s defence forces, will avail a refund of 50% of the goods and services tax remitted from the states and the Centre. This chases CSD owing suspended orders this month to prevent tax payout disparities before the goods and services tax.
Consumer goods producers are steering up for a fall in their highvolume Army Canteen business, as they anticipate the govt. to impose restrictions on sales of products via this network of 3,900 stores.
The Indian Army Canteen is the single-largest customer of consumer goods companies in the nation, and 5 to 7 percent of FMCG sales happens through its outlets. Stores functioned by the state-owned CSD generall sell goods at prices that are 10 to 40% lesser than in regular retail stores to armed services personnel, both serving & retired, and their kin.
Many hundreds and thousands of CSD customers, imposition of a cap would hae them give extra money if they have to purchase from retail outlets outside.
Hindustan Unilever Ltd is the biggest supplier to the CSD, that holds for about 7% of its annual sales.
The maker of Surf detergent & Dove shampoo had claimed in its profits announcement that destocking by the CSD channel on account of GST met volumes fall 2% in the June quarter.
FMCG companies like Godrej Consumer Products & biscuit company Britannia told they do not have a important presence in CSD.
The sixth group consists of food and medicines in indian csd. The 6th group of food & medicines includes the following items: