Kathmandu, Mar 11 (PTI) Bottlers Nepal Limited, the sole franchisee owner of leading beverage company, The Coca-Cola Company, has been asked to pay fine of Rs 7.43 billion (USD 61.92 million) facing tax evasion charges here.

The Department of Revenue Investigation (DRI), under Ministry of Finance, Nepal, said Bottlers Nepal evaded capital gains tax amounting to Rs 3.72 billion in relation to the sale of more than 50 per cent of its shares in 2021.

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DRI chief Prakash Paudel said the case was filed in the Patan High Court. The company has been asked to pay the "evaded" taxes, and an equal amount in fines.

Bottlers Nepal Limited is managed by India and South West Asia, Coca–Cola (INSWA), which is responsible for the beverage company's operations in this part of the world, officials said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)