News India Live, Digital Desk: Technology giant Samsung is facing a big tax dispute in India. The Government of India has described Samsung as a tax outstanding of about $ 520 million (about Rs 4,300 crore). According to the government, Samsung misrepresented a networking equipment called “Remote Radio Head” during 2018 to 2021, which saved the company from payment of custom duty. This device is used for mobile towers and 4G networks.
Samsung denied the allegations
Samsung has dismissed the allegations by filing a 281 -page petition in the Customs Excise and Service Tax Appellate Tribunal (CESTAT) of Mumbai. The company claims that they have not done anything wrong, and the way in which this device was called, Reliance Jio has already done it before. Samsung says that Reliance did not inform him about any tax warning.
The company also said that the order given by the tax department in January was taken in a hurry, which did not give them a proper opportunity to present their case. According to the company, it is very important to have a fair hearing in such a big case.
Samsung employees also fined
The Government of India has imposed a fine of about 81 million dollars (about Rs 675 crore) on Samsung as well as seven of its employees. In this way, the amount of total tax and fine has reached about 601 million dollars (about Rs 5,000 crore). However, it is not yet clear whether the employees of the company will go to court against this decision or not.
Government eye on foreign companies
This is a new matter of strict investigation into tax matters of foreign companies by the Government of India. Earlier, Volkswagen also challenged the Government of India’s demand demand of $ 1.4 billion in the court.
Samsung has clarified that it has not committed any kind of tax evasion, and all the activities were in the knowledge of government officials.
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