As the dairy products are being consumed by the human beings, the products that are going to be expired should be sold as soon as possible. Otherwise, they should be disposed of or written off whatsoever the loss may be.
In any other case, the company will have to pay heavy penalties in case of any mishaps due to the consumption of expired dairy products as the consumption of the expired products by the consumers. This may lead to food poisoning that in turn may cause reputational loss to the company as well as financial loss regarding compensation or penalties to be paid.
The company may also have to face criminal action in case of any casualty and also, in this case, the owner is going against basic business ethics as he would be manipulating his books of accounts by providing wrong information to the bank. Thus, it becomes important for the company to resolve this ethical dilemma that prevails at this point. It is about making a choice