Samsung Faces about Rs 70 Cr Alleged Duty Evasion Charge - The New Indian Express

Samsung Faces about Rs 70 Cr Alleged Duty Evasion Charge

Published: 18th March 2014 04:20 PM

Last Updated: 18th March 2014 04:20 PM

Electronics goods giant Samsung has been slapped with a notice by Directorate of Revenue Intelligence (DRI) for allegedly evading import duty to the tune of Rs 70 crore.

Samsung India had allegedly imported tablets valuing about Rs 460 crore by declaring them as mobile phones and evaded import duty on the consignment, official sources said.

A duty of about 12 per cent was applicable for import of tablets as against one per cent on mobile phones, they said.

DRI had last month issued the notice to Samsung India for allegedly evading duty worth about Rs 70 crore while importing the tablets from South Korea between April 2012 and February 2013, the sources said.

When contacted, a company spokesperson said the notice was being reviewed by it. "We are currently reviewing the notice in question. We would like to assure our customers that we have always adhered to the laws and regulations of all countries in which we operate.

"Samsung has always acted in the matter after consulting the respected legal experts in the concerned area of practice," the company's spokesperson said in a statement.

In the show cause notice issued to Samsung, the DRI has asked why the consignment should not be seized by it for alleged import duty evasion, they added.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

Read More

follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook