Economy
Old Monk claims ₹500 crore loss over FSSAI rum label dispute

Old Monk claims ₹500 crore loss over FSSAI rum label dispute

India Today1h
THE BRIEF
1

Old Monk manufacturer Mohan Rocky Springwater claimed losses exceeding ₹500 crore after the FSSAI restricted sales in Maharashtra over product labelling.

2

During a Bombay High Court hearing, FSSAI counsel Anil Singh stated sales would be permitted only if the manufacturer labels the product as 'rum-like' instead of 'rum'.

3

The manufacturer stated the sales ban in Thane district halted production for 300 workers and caused a state excise revenue loss of about ₹350 crore.