Samsung Electronics faces a tax dispute in India after it was reported that it had been pursued with import duties of 17.28 billion rupees.
Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, January 15 (Xinhua) Samsung Electronics India said on Thursday that it was reviewing a government notice related to tax disputes. It follows reports that India will recover duties of 17.2847 billion rupees (currently about 1.428 billion yuan) plus interest from the Indian subsidiary of Samsung Electronics in South Korea.
India's tax Intelligence Agency (DRI) accused the company of trying to evade import duties of 17.28 billion rupees by declaring the wrong classification of network equipment for its remote radio heads, the Economic Times of India reported.
(CTOnews.com Science Popularization: remote radio head, also known as remote radio frequency module in wireless network equipment, is a special component located at the top of the base station. It is a remote radio transceiver connected to the operator's radio control panel through an electrical or wireless interface, which can realize optical / electrical signal conversion, up / down frequency conversion, amplifying radio frequency signal, etc.)
A spokesman for Samsung Electronics India said: "this is a tax dispute involving legal interpretation. We are reviewing the notice and are discussing legal advice." The spokesman did not provide details, including details of the tax dispute.
According to print media reports, in addition to Samsung Electronics India, the Indian tax authorities also issued a notice to PricewaterhouseCoopers, which is responsible for classifying network equipment.