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Maruti Suzuki receives show cause notice worth INR 16 lakh from customs department

one year ago Auto economictimes
In a regulatory filing, the company said: "customs department has alleged the company for evading custom duty amounting Rs 16,27,085 by wrong availment of BCD concession based on the end use of the imported goods." MSIL imports goods from foreign suppliers. On few items, Maruti Suzuki India Limited (the Company) has claimed Basic Customs Duty (BCD) concession under Sr. No. 448H, 485A, 490, 494A, 516C and 581B of Notification No. 50/2017-Customs, the filing added. Read more at: economictimes

Tags : maruti suzuki Maruti Suzuki Maruti Suzuki India BCD concession Basic Customs Duty evading custom duty show cause notice Automobile major

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