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flag Volkswagen India hit with $1.4 billion tax evasion notice over alleged misclassification of imports.

flag 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. flag The notice claims that since 2012, the company should have paid $2.35 billion in taxes but only paid $981 million. flag 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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