The company has received a fine for avoiding 4G telecommunication equipment duties.
The Indian Tax Service has presented the Samsung Electronics South Korea Company to pay $ 601 million taxes for non -payment of import duties, Gizmochina reports.
Samsung is accused of improperly classified by remote heads of spare parts, and 4G telecommunication equipment components. According to authorities, this classification allows the company to avoid paying duties for 10% to 20%.
Importing was conducted in the period from 2018 to 2021, it included components for $ 784 million. In 2024, Samsung received about $ 955 million net profit due to these supplies.
Indian authorities first accused Samsung of this case in 2023. The companies then managed to convince Indian tax authorities to end the investigation, but now it has been resumed.
We reminded, earlier reported that the Seoul court has completely released the Samsung leader in the case of fraud.
Samsung vice president died on the eve of a large presentation
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.