VW gets $1.4 bn tax evasion notice
The New Indian Express|November 30, 2024
Imported cars in unassembled condition, which attracts 30-35% duty but paid at 5-15% rate
VW gets $1.4 bn tax evasion notice

IN what can be a major setback for Volkswagen, which is trying to make a mark in the Indian car market, the government has reportedly issued a notice to the German automaker for allegedly evading $1.4 billion in taxes by paying lesser import duty on components for its Audi, VW and Skoda cars.

This story is from the November 30, 2024 edition of The New Indian Express.

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This story is from the November 30, 2024 edition of The New Indian Express.

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