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Korean carmaker Kia under govt lens in tax evasion case
The New Indian Express Villupuram
|February 06, 2025
AFTER Volkswagen, South Korean automaker Kia has come under Indian authority's lens for evading taxes.
AFTER Volkswagen, South Korean automaker Kia has come under Indian authority's lens for evading taxes. As per the government, Kia has evaded $155 million in taxes by misclassifying component imports, saying that authorities found Kia's Carnival car model was being imported in parts or components in separate lots via different ports, with the "intent to discharge lesser customs duty".
Kia India said it remains committed to following regulatory requirements, stating that they have consistently cooperated with the authorities whenever required.
This story is from the February 06, 2025 edition of The New Indian Express Villupuram.
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