Paracetamol: Income tax raid on the whereabouts of Dolo-650 pharmaceutical company, has sold medicines worth 350 crores since Kovid

Income tax raid on the whereabouts of the company making Dolo 650

The Income Tax Department has raided the location of Dolo-650 drug maker Micro Lab in Bangalore. This operation is related to the case of tax evasion.

Dolo-650 at the location of the pharmaceutical company Micro Lab in Bangalore. Income tax department (Income tax) has raided. This operation is related to the case of tax evasion. The use of Dolo 650 had increased significantly during Kovid. During the last 2 years, doctors had advised this medicine for the treatment of a large number of Kovid patients. According to Income Tax Department officials, under this campaign, the company’s financial documents, balance sheet and distributor network were scrutinized, although the department did not disclose the information found in the investigation.

Income Tax Department conducted raids in many parts of the country

According to reports, raids have also been conducted at the locations of the promoters of the company in many other cities. Along with this, the locations of the distributors have also been covered in the raids. The company is involved in the manufacturing and marketing of pharmaceutical products and APIs and has 17 manufacturing plants located at different locations in the country. At the same time, the business of the company is spread in many parts of the world. Apart from Dolo 650, the company makes many other famous pharma products.

The company has sold medicines worth 350 crores since Kovid

Dolo-650 is used to reduce fever and as a pain killer. Because of this, doctors had recommended this drug during Kovid, due to which there was a sudden increase in its use on a large scale. Due to which the company also benefited a lot. The company had recently informed that since the beginning of Kovid, Micro Lab has sold Dolo-650 worth more than Rs 350 crore and the company has registered an income of more than Rs 400 crore in the year.