Indian authorities alleged Volkswagen imported 'almost the entire' car in unassembled condition.
Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show.
In the biggest ever import tax demand, India in September slapped a $1.4 billion tax notice on Volkswagen for using a strategy to break down imports of some VW, Skoda and Audi cars into many individual parts to pay a lower duty. Volkswagen India had kept the Indian government informed of its “part-by-part import” model and received clarifications in its support in 2011, the company says in the court challenge.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WFP condemns Israeli attack on its Gaza convoy - SABC News - Breaking news, special reports, world,The vehicles were clearly marked and had received prior security clearances from Israeli authorities
Read more »
Three Russian airports suspend flights - SABC News - Breaking news, special reports, world, business, sportAirports in Nizhnekamsk, Izhevsk and Perm temporarily halted flight arrivals and departures.
Read more »
Gelvandale community marches against police killings - SABC News - Breaking news, special reports, world,Police official was rushed to the nearest hospital where he was declared deceased
Read more »
NSRI search operations continue for festive season drownings - SABC News - Breaking news, special reports,Most of the drowning incidents have happened at beaches not protected by lifeguards.
Read more »
SACE asked to probe alleged rise in unqualified teachers - SABC News - Breaking news, special reports,The National Professional Teachers' Organisation of South Africa (Naptosa) is calling on the South African Council for Educators (SACE) to investigate an
Read more »
Everton see off Peterborough in FA Cup after Dyche sacking - SABC News - Breaking news, special reports,Ndiaye sealed victory for relegation-threatened Everton from the penalty spot
Read more »