India demands $601 million in tax from Samsung for telecom imports

India issued a $601 million tax demand against Samsung on Tuesday, accusing the South Korean company of misclassifying key telecom equipment imports to evade customs duties. The case stems from an investigation into Samsung’s network division and its supply of telecom components to Reliance Jio, owned by billionaire Mukesh Ambani. The Directorate of Revenue Intelligence […] source: https://www.cryptopolitan.com/india-demands-601m-in-tax-from-samsung/