Future Tech

Indian agency accuses Samsung of US$212 mil customs duty evasion — ET

Tan KW
Publish date: Thu, 12 Jan 2023, 03:37 PM
Tan KW
0 462,670
Future Tech

BENGALURU An Indian government agency has accused the local unit of South Korea's Samsung Electronics of evading import taxes worth 17.28 billion rupees (US$212 million) by misclassifying a product, the Economic Times reported on Thursday.

The Directorate of Revenue Intelligence (DRI) said Samsung India Electronics Ltd misclassified networking devices called remote radio heads to avail undue exemption of basic customs duty, the Economic Times reported.

The agency sent Samsung India and PricewaterhouseCoopers Pvt Ltd (PwC), which was hired to classify the network equipment, a show cause notice, the report said.

Samsung, PwC and India's finance ministry did not immediately respond to Reuters' request for comment.

 


  - Reuters

 

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment