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Rediff.com  » Business » Samsung faces about Rs 70 cr alleged duty evasion charge

Samsung faces about Rs 70 cr alleged duty evasion charge

March 18, 2014 16:15 IST

SamsungSamsung has been slapped with a notice by Directorate of Revenue Intelligence for allegedly evading import duty to the tune of Rs 70 crore (Rs 700 million).

Samsung India had allegedly imported tablets valuing about Rs 460 crore (Rs 4.6 billion) by declaring them as mobile phones and evaded import duty on the consignment, official sources said.

A duty of about 12 per cent was applicable for import of tablets as against one per cent on mobile phones, they said.

DRI had last month issued the notice to Samsung India for allegedly evading duty worth about Rs 70 crore (Rs 700 million) while importing the tablets from South Korea between April 2012 and February 2013, the sources said.

When contacted, a company spokesperson said the notice was being reviewed by it.

"We are currently reviewing the notice in question. We would like to assure our customers that we have always adhered to the laws and regulations of all countries in which we operate.

"Samsung has always acted in the matter after consulting the respected legal experts in the concerned area of practice," the company's spokesperson said in a statement.

In the show cause notice issued to Samsung, the DRI has asked why the consignment should not be seized by it for alleged import duty evasion, they added.

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