Samsung India executives seek to quash $81 million penalty over tax evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million included in New Delhi’s $601-million tax demand from the company for allegedly misclassifying some imports, arguing “no grave offence” had been committed, according to legal papers and a source.
The Indian tax authority in January found Samsung and its executives evaded tariffs by misclassifying imports of key mobile tower equipment from 2018 to 2021.
