Bengaluru: A government agency has accused the local unit of South Korea’s Samsung Electronics of evading import taxes worth 17.28 billion rupees ($212 million) by misclassifying a product, the Economic Times reported today.
The Directorate of Revenue Intelligence (DRI) said Samsung India Electronics Ltd misclassified networking devices called remote radio heads to avail undue exemption of basic customs duty, the Economic Times reported.
The agency sent Samsung India and PricewaterhouseCoopers Pvt Ltd (PwC), which was hired to classify the network equipment, a show cause notice, the report said.
Samsung, PwC and India’s finance ministry did not immediately respond to Reuters’ request for comment.
