Govt defends Rs.11,000 cr customs duty demand against Volkswagen, accuses it of underpaying tariffs: What is the dispute
New Delhi, Oct. 30 -- The government on Thursday defended its record Rs.11,000 crore customs duty demand against German automaker Volkswagen before the Bombay High Court, arguing that the company failed to share the required information on time. The company, however, said the demand was raised years after the alleged imports.
The case against Volkswagen stems from the Centre's allegation, made in 2024, that the German carmaker undervalued its imported vehicles in the country for years and paid lower-than-applicable tariffs, Reuters reported. The dispute has now become a flashpoint for Volkswagen as it holds talks with India's JSW Group regarding the sale of a stake in its local operations.
Volkswagen, which holds a roughly two per cent ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.