Germany's Volkswagen Group works as a company called Skoda Auto Volkswagen India in India. This company sells from SUV to sedan cars here under Skoda and Volkswagen brand names in India. These days, a case of the company is going on in the Bombay High Court. If the company loses in this case, then it will have to pay more than Rs 12,000 crore to the Government of India, not Rs 1,000 or 2,000 crore. Now a new twist has taken place in this case and the Bombay High Court says that if prima is seen in a fascia, then the company does not have the pleasure to save money.
In fact, India's Custom Duty Department has sent a tax notice to the Skoda Company and demanded $ 1.4 billion (about Rs 12,000 crore) from it. When the case was heard on Monday in the Bombay High Court, the court expressed dissatisfaction with the company's arguments. If seen, the arguments of the company did not work, that is, there was no dal street in his court.
During the hearing of the case, Justice B.K. A division bench of P. Kolabawala and Justice Firdaus Pooniwala said that the court is not satisfied with the company's arguments at first sight. This attitude of the court is still primae fessing. On behalf of the bench, it was said that now the company has received only the 'cause' notice and to consider such a petition against it, the company will have to convince us on its argument. It is beyond the understanding of the court whether he should consider this petition at the level of 'show cause notice'.
Skoda Auto challenged the tax notice sent to him last month filed a petition in the court. The company has called it arbitrary and illegal in its petition.
While the court expressed disgrace in the priority of Skoda with the argument of Skoda. On the other hand, before issuing notice to the company, he also praised the deep research and effort of a tax officer. The court said that the custom duty officer should be praised, as they have seen the number of each part very carefully. Each part has a specific number. The officer has investigated each number and import. He has done deep research before issuing a show cause notice. "
The court said on Monday that if almost all parts except one or two are imported as separate components. Then the company's Aurangabad unit is assembled here, so why should it not be placed under the CKD category?
Tax officials have issued a show cause notice on Skoda about $ 1.4 billion (about Rs 12,000 crore) custom duty fraud. This case is related to the import of the complete knockdown down (CKD) unit of cars. The CKD unit means a car that is imported as different parts and then in a factory in the country, they are assembled and given a car.
Tax officials say that the Volkswagen Group imported several cars of different brands like Audi, Volkswagen and Skoda in India as CKD units and then assembled them in India. While the company's argument
