Volkswagen India receives $1.4 billion tax evasion notice from govt: Report

Volkswagen India receives $1.4 billion tax evasion notice from govt: Report

Volkswagen India receives $1.4 billion tax evasion notice from govt: Report A notice dated Sept. 30 says Volkswagen used to import “almost the entire” car in unassembled condition – which attracts a 30-35% import tax in India under rules for CKD, or completely knocked down units, but evaded levies by “mis-declaring and mis-classifying” those imports … Read more