INDIA: Seagram faces $22.2m legal action for Indian "duty evasion"
Seagram India has been issued with a show cause notice by the Indian Directorate of Revenue Intelligence (DRI) for evading customs duty, to the sum of Rs38 crore ($8.4m), by under invoicing on its imports. The under invoicing, according to local reports, was for the five year period between January 1995 and June 2000. India's Indian Express has calculated that although the total evasion amounts to Rs38 crore ($8.4m), taking into account the interest due, the 100% penal charges and a 25%-30% redemption fine, the company could face a bill of Rs100 crore ($22.2m).
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