[ad_1]
New Delhi1 hour ago
- Copy of Link
Samsung has challenged the Government of India in the case of $ 520 million (Rs 4,451 crore) tax demand notice. The company has filed an appeal against the tax demand notice in the Tax Tribunal. The Income Tax Department has accused the agency avoids tariffs on telecom equipment imports.
In his petition against it, Samsung said that tax officials were fully aware that Reliance Jio was similarly importing equipment by 2017, but it was not taken action.
Samsung says that we have not been told about the alert in 2017. If this is already cleaned, this dispute would not have happened. In addition to these, the government has issued a fine of $ 81 million (Rs 693 crore) to seven Samsung officers.
Imports have received alert in 2023 to classify the wrong
- Samsung was warned in 2023 to categorize imports to avoid 10% or 20% tariff on the required infection material used in mobile towers.
- The company imports telecom equipment through its network department. The company then imported these items and sold the telecom giant Reliance Geo of Mukesh Ambani in Bilinia.
From 2018 to 2021, Samsung has not paid any arrears of imports of Rs 6,711 crore from Korea and Vietnam.
Samsung pressures the Tax Authority of India to finish the investigation
Samsung pressured the Indian tax authorities to cancel the investigation. The company then said that the material had no tariff and the authorities knew about its classification practice for years. However, the customs authorities disagreed with the company’s statement on January 5 in his order.
Samsung has violated Indian law: Customs Commissioner
Customs Commissioner Sonali Bajaj says Samsung has violated Indian law. In addition to these, the company deliberately presented false documents to the customs authorities for the exemption. Investigators have discovered that Samsung has violated all business ethics, art practice and standards.
The company has accepted Indian laws: Samsung’s statement
Samsung said in a statement that the company obeyed Indian law. At the same time, the company is evaluating legal options to ensure the protection of its rights.
Investigation began in 2021, the offices of the company were searched
Samsung’s investigation was launched in 2021 when tax inspectors search for company offices in Mumbai and New Delhi. Then tax inspectors also seized documents, emails and some electronic devices. Subsequently, some of the top officials of the organization were also questioned.
From 2018 to 2021, has not paid out arrears on imports of 6,711 crore
Tax inspectors have discovered that Samsung from 2018 to 2021 has not paid any arrears for imports of $ 784 million or $ 6,711 crore from Vietnam, Rs 6,711 crore from Vietnam.
The government says that this material sends to telecom towers infection signals and tariffs. However, Samsung did not agree.
[ad_2]
Source link
