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Volkswagen India hit with $1.4 billion tax evasion notice over alleged misclassification of imports.
The Indian government has issued a $1.4 billion tax evasion notice to Volkswagen India, accusing the company of misclassifying imported car components to avoid higher taxes.
The notice claims that since 2012, the company should have paid $2.35 billion in taxes but only paid $981 million.
Volkswagen India is now required to explain its actions and could face additional penalties up to $2.8 billion if found guilty.
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Volkswagen India golpeó con un aviso de evasión de impuestos de $1.4 mil millones por supuesta clasificación incorrecta de las importaciones.