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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