Wednesday, February 26, 2025

$1.4 bn tax demand on Volkswagen: Bombay HC asks Customs to file affidavit on time limitation

The Bombay High Court has asked the Customs department to explain its $1.4 billion tax demand from Skoda Auto Volkswagen India, raising questions on the notice's validity due to a potential limitation breach. The company contests the notice, claiming longstanding adherence to tax norms for individual car parts, which the Customs now disputes as misclassified.

from Auto-Industry-Economic Times https://ift.tt/0qo1MRJ

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Mahindra XUV 3XO REVX EDGE launched at ₹9.39 lakh; petrol automatic variant added to REVX M(O)

Mahindra has launched the new XUV 3XO REVX EDGE starting at ₹9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for ...