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Xiaomi challenges $72M Indian tax claim in Supreme Court, saying it shouldn't pay duties on foreign royalties as it's not the importer.
Xiaomi is challenging a $72 million tax demand by an Indian tribunal in the Supreme Court, arguing that requiring royalties paid to foreign firms like Qualcomm to be included in import valuations misapplies customs laws and disrupts standard contract manufacturing practices.
The company contends it is not the importer and should not bear the tax burden, which could set a precedent affecting global industries.
The case, also involving frozen $610 million in funds over alleged remittance violations, is being watched closely as a potential turning point for foreign investment in India.
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Xiaomi desafía el reclamo fiscal indio de $ 72M en la Corte Suprema, diciendo que no debería pagar impuestos sobre regalías extranjeras, ya que no es el importador.