Samsung Electronics' Indian unit is reviewing a government notice related to a tax dispute, it said on Thursday, after a media report said a domestic agency accused the company of evading import duties worth 17.28 billion rupees ($212 million).
A journalist uses a mobile phone as he works outside the Samsung Electronics smartphone manufacturing facility in Noida, India, July 9, 2018. REUTERS/Adnan AbidiIndian unit is reviewing a government notice related to a tax dispute, it said on Thursday, after a media report said a domestic agency accused the company of evading import duties worth 17.28 billion rupees .
"This is a tax dispute involving interpretation of law. We are reviewing the notice and are exploring legal opinion," a Samsung India spokesperson said in an email, but did not give further details, including on specifics about the tax dispute. Besides the Indian unit of South Korea-based Samsung, the DRI had also sent a show cause notice to PwC, which was hired to classify the network equipment, the report said.Reporting by Anuran Sadhu and Chris Thomas in Bengaluru; Editing by Savio D'Souza
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Indian agency accuses Samsung of $212 mln customs duty evasion-ETAn Indian government agency has accused the local unit of South Korea's Samsung Electronics of evading import taxes worth 17.28 billion rupees ($212 million) by misclassifying a product, the Economic Times reported on Thursday.
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