9 Hrs
Source:
المشهد العربي
India probes Samsung and LG for customs evasion
Indian authorities have launched an extensive investigation against LG and Exon Samsung on suspicion of customs evasion. It is believed that they have been paying reduced duties of only 5% on advanced LED TV screen components, despite the legally mandated tariffs being as high as 15%. This could result in a significant tax discrepancy, with potential fines reaching up to 200% of the overdue amount. The investigation aims to address financial evasion and ensure the proper application of customs rates on advanced technology.
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