 "Reviewing DRI notice and exploring options, says Samsung India")
Samsung has said that the ongoing tax dispute with the Directorate of Revenue Intelligence (DRI) involved interpretation of law and it was exploring legal opinions.
“This is a tax dispute involving interpretation of law. We are reviewing the notice and are exploring legal opinion,” a statement by a Samsung India spokesperson said.
According to media reports, Samsung was sent a show cause notice asking why the agency should not recover Rs 1,728.47 crore as duty, along with interest, from the company.
The government agency had also issued a show cause notice to PricewaterhouseCooper and a director was also questioned during the probe.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%