Income-Tax sleuths search Vicco premises

The income-tax department today began searches at the premises of FMCG company Vicco Laboratories in the city, Nagpur and Goa for alleged tax evasion.

Nearly 25 personnel were involved in the operation under direction from the Mumbai directorate of the IT department.

The searches began this morning and details would be known only late in the evening, I-T officials said here. The searches are being carried out to examine any tax evasion, officials added.

Company officials were, however, not available for comments. Founded in 1952 by late K V Pendharkar, the Vicco group manufactures internationally known ayurvedic products.

Vicco's best known products are Turmeric skin / sun screen cream, and Vajradanti powder and paste and Vicco SF (Sugar free) paste.

About 15 per cent of company's total production goes to overseas market.