💨 Abstract

Volkswagen India has filed a lawsuit against Indian authorities over a $1.4 billion tax demand, arguing that the demand contradicts New Delhi's import taxation rules for car parts and would harm the company's business and foreign investment climate. The tax dispute centers around a strategy used by Volkswagen to import components for some VW, Skoda, and Audi cars in separate shipments to pay a lower duty, which Indian authorities claim evaded the levies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖