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Govt Slaps Samsung With Tax Demand Of $601 Mn

Hindustan Times Lucknow

|

March 26, 2025

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.

- Reuters

NEW DELHI:

The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphones market. It can be challenged in a tax tribunal or the courts.

The company, which also imports telecoms equipment through its network division, received a warning in 2023 for misclassifying imports to evade tariffs of 10% or 20% on a critical transmission component used in mobile towers.

It imported and sold these items to billionaire Mukesh Ambani's telecom giant, Reliance Jio.

FLERE HISTORIER FRA Hindustan Times Lucknow

Hindustan Times Lucknow

Hindustan Times Lucknow

Goyal: Modi govt’s FTAs crafted in national interest

The Modi government's trade agreements are “well crafted” and “thought through” in national interest unlike the Congress-led UPA regime that “voluntarily” tried to open Indian market for competitors like China, Union commerce minister Piyush Goyal said on Friday, adding that India is currently discussing free trade deals with the EU, the US, Chile, Peru, New Zealand and Oman.

time to read

2 mins

October 18, 2025

Hindustan Times Lucknow

Bihar ph-1 nominations end, but INDIA stand-off doesn't

A total of 1,698 candidates filed their papers for the crucial first phase of the assembly elections in Bihar as the chaotic nomination process for the 121 seats that go to the polls on November 6 closed on Friday with no clarity over a seat deal among the constituents of the Opposition Grand Alliance.

time to read

1 min

October 18, 2025

Hindustan Times Lucknow

Hindustan Times Lucknow

Taliban vow to hit back after saying Pak violated ceasefire

Pakistan carried out strikes in a border province in Afghanistan late Friday, breaking a ceasefire that had brought two days of calm to the border, a senior Taliban official told AFP, warning that Kabul would “retaliate.” Ten civilians were reportedly killed in the strike.

time to read

2 mins

October 18, 2025

Hindustan Times Lucknow

HAL helped IAF 24 hrs a day in Op Sindoor: Rajnath

Defence minister Rajnath Singh on Friday hailed round-the-clock support provided by aircraft maker Hindustan Aeronautics Limited (HAL) to the Indian Air Force during the four-day military confrontation between India and Pakistan in May, adding that the firm ensured that the country's fighter jets and helicopters were battle-ready at all times.

time to read

1 min

October 18, 2025

Hindustan Times Lucknow

Veterans take centre stage in Bihar political battleground

In line with the local adage ‘saatha so paatha (men are hale and hearty even at sixty)’ Bihar's politics has always rewarded endurance more than novelty. Even as younger faces crowd the political arena, a formidable band of veteran leaders—many well past 70—continues to shape the state's electoral story. Age, far from being a liability, has become a marker of political weight.

time to read

1 mins

October 18, 2025

Hindustan Times Lucknow

KEY ACCUSED IN SABARIMALA GOLD CASE ARRESTED

In a major development in the case involving the alleged theft of gold assets from the Sabarimala temple, the high court-appointed Special Investigation Team (SIT) on Friday announced the arrest of the key accused, Unnikrishnan Potty, a Bengaluru-based priest-turned-businessman.

time to read

1 min

October 18, 2025

Hindustan Times Lucknow

SMBC rules out raising stake in Yes Bank beyond 25%, shares fall

Japanese lender Sumitomo Mitsui Banking Corporation has no immediate plans to raise its stake in India’s Yes Bank beyond 24.99%, a senior executive at the bank told Reuters on Friday.

time to read

1 min

October 18, 2025

Hindustan Times Lucknow

Don't fluff with idli

If you find idlis boring, blame the chef. Making the perfect one is a delicate art of balancing softness and density. And let’s be honest, only South India nails it

time to read

4 mins

October 18, 2025

Hindustan Times Lucknow

China missile features to be added in Astra Mark-2

The Defence Research and Development Organisation (DRDO) has decided to incorporate advanced features from the Chinese PL-15 air-to-air missile into its indigenous Astra Mark-2 programme, following a detailed technical analysis of an unexploded missile fired by a Pakistani jet during Operation Sindoor in May, people aware of the matter said.

time to read

2 mins

October 18, 2025

Hindustan Times Lucknow

Centre orders judicial probe in Leh violence, calls for dialogue

The central government on Friday announced a judicial probe into the September 24 violence in Leh that left four people dead. The probe will be headed by a former Supreme Court judge, officials aware of the details said.

time to read

1 mins

October 18, 2025

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