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VW India imported almost entire car in unassembled condition to evade tax: Govt notice
short by Ankush Verma / on Friday, 29 November, 2024
In a $1.4 billion tax evasion notice to Volkswagen India, the government said that Volkswagen used to import "almost the entire" car in unassembled condition - which attracts a 30-35% import tax. Volkswagen India evaded tax by "mis-declaring and mis-classifying" those imports as "individual parts", paying just a 5-15% duty, the notice added as per Reuters.
read more at Reuters