💨 Abstract

Volkswagen is fighting a $1.4 billion tax bill in India, accused of misclassifying component imports to evade higher tariffs. The Indian tax authority alleges that Volkswagen caused delays by withholding crucial information, while Volkswagen argues that tax officials were tardy in reviewing shipments. The case, India's highest-ever demand for back taxes related to import duties, has rekindled foreign investors' fears over lengthy investigations.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖