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Indian government under investigation for tax evasion of 220 billion units of false reports of imports from Kia India

Published 2 months ago2 minute read

기아가 수입 관세 탈루 혐의로 인도정부의 조사를 받고 있다.

기아가 수입 관세 탈루 혐의로 인도정부의 조사를 받고 있다.

[Mtoday onlineteam] Kia India is reportedly under investigation by the Indian government for false reporting of imports and tax evasion.

According to a Reuters report citing Indian government documents, the Indian government is investigating Korean automaker Kia for falsely reporting imported parts and evading $155 million (224.2 billion won) in taxes.

The Indian government said in a 432-page notice that Kia imported parts of the carnival model in individual batches rather than in a single shipment, pointing out that the measure has significantly lowered tariffs.

Kia India said, "We are strictly observing all regulations, have submitted detailed evidence and documents to support this, and continue to cooperate with the authorities on the investigation of the Indian government."

Volkswagen of Germany has been investigated by the Indian government in a similar case to Kia.

According to Indian media reports, in November last year, the Indian government sent a notice to Volkswagen and was investigated for "deliberately" paying less import taxes on Audi, Volkswagen and Skoda auto parts, evading $1.4 billion worth of taxes.

The Indian government pointed out that Volkswagen imported "almost completely unassembled vehicles." According to the regulations, India imposes an import tax of 30 to 35 percent on finished cars, but a tariff of 5 to 15 percent on parts.

Volkswagen has classified imported finished products as 'individual parts', paying only 5 ~ 15% tariffs and falsifying taxes.

Volkswagen India subsidiary Skoda Volkswagen India imports and sells Skoda Superb and Kodiak, Volkswagen's Tiguan, and Audi A4 and Q5.

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