Samsung India deposits Rs 300 cr in the ‘duty evasion’ case DRI is probing

Samsung India Electronics Pvt Ltd has deposited Rs 300 crore with the Directorate of Revenue Intelligence (DRI) in an alleged duty evasion case, according to a report.

The DRI had earlier found that the tech giant had mis-declared and classified the imports as telecom goods that attract zero duty.

The Indian Express reported sources as saying that Samsung India Electronics Pvt Ltd has deposited Rs 300 crore with the Directorate of Revenue Intelligence (DRI) after the agency found that the company had allegedly incorrectly declared imports of Remote Radio Head, an apparatus used for the 4G telecom technology.

“The imports of Remote Radio Head were declared as eNodeB that attract zero duty. The short-paid duty on the consignments imported by Samsung India is over Rs 500 crore. However, on August 17, the company deposited Rs 300 crore towards their duty liability,” said the source.

The DRI, which earlier in July began investigating the imports of Remote Radio Head by Samsung India, had also searched the Mumbai and Delhi offices of Samsung as part of the probe.

The DRI had later questioned the chief financial officer of Samsung and a few other officials in connection with this case.

Samsung is, however, yet to make an official statement in this regard. ABP Live