Tag: BMW India heavy penalty reason

BMW likely to have duty evasion notice of Rs. 650-crore by Tax Authorities of India

The German luxury automaker BMW is under Investigation by the tax authorities of India in order to confirm whether BMW has paid all the customs duty for all the automobile parts imported since March-2011 as reported by Economic Times. BMW Indiaโ€™s spokesman confirmed that investigations by tax authority took place by saying that โ€œan inspection is in process …