India Slaps Samsung With Tax Demand Of $601 Million For Evading Duties On Telecom Imports

According to a Reuters report, India has slapped the South Korean electronics and smartphone major with a demand of $601 million in back taxes and penalties. The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphone market. It can be challenged in a tax tribunal or the courts. #samsungindia #samsung #customsduty #tariffs