MAM
Kokuyo Camlin bags Asia’s Most Promising Brand award
MUMBAI: Kokuyo Camlin, a stationery and art material manufacturer, has been awarded as Asia’s Most Promising Brand under the stationery category. Asia’s Most Promising Brands 2014, an initiative by WCRC (World Consulting and Research Corporation) brings to the fore companies that have shown tremendous brand growth in the past few years.
Kokuyo Camlin executive director Nobuchika Doi, CEO A Srikanth and CMO Saumitra Prasad received the award on behalf of Kokuyo Camlin at a ceremony during the Brand and Leadership Summit 2014 on 12 January at The Oberoi, Gurgaon. The brand will be listed on the web portal and would also be entitled to receive the logo and communication rights of ‘Asia’s Most Promising Brands 2014.’
Doi said, “I am very honoured to receive this award and to be here today. I would like to thank all our colleagues especially marketing members who made outstanding efforts to increase the value of our brand. We have been investing in our brands Kokuyo Camlin keeping consumers at the core, and providing them the best overall experience. Also, we stand for making learning fun and thus making a big contribution to the society. We are delighted to see that our efforts have been recognised with this award. And our company’s vision is to be ‘Honor of Asia.’ All our employees are making a lot of efforts to realise this vision in day to day activities. So, I’m very happy now that we received this award Asia’s most promising brand 2014. Finally I would like to thank you again and hope I will be here again next year.”
Asia’s Most Promising Brands 2014 is a brand project where the process is validated, advised and evaluated by KPMG in India. Out of a list of 500 brands, 100 brands were featured across 25 industry categories to form the Asia’s Most Promising Brands for the year 2014.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
