BMW says expanded local engine, transmission production makes import duties less relevant.
MUMBAI – Indian authorities are investigating whether some auto makers are evading customs duties that one tax official says could total Rs20 billion ($363 million). The current inquiry focuses on BMW India, which allegedly underpaid customs duties by Rs5 billion ($91 million) and could face a fine of Rs6.5 billion ($118 million). A finance ministry official says the Central Board of Excise & Customs has reason to suspect that BMW India since 2011 “has been importing ...
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