Tuesday, July 07, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Moves To New Process Technologies for Microcontrollers and Wireless Communication ICs
NVIDIA Accelerates Deep Learning Performance With New tools
Samsung Announces Earnings Guidance
Toshiba Demonstrates New Technology For 3D Hard Disks
Entertainment in Windows 10
AMD Lowers Second Quarter Outlook, Moves To FinFet
Instagram To Show HD Photos
Polaroid And GoPro Launch New Action Cams
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Mobiles > Nokia P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 21, 2014
Nokia Protests Tax Claim in India


Nokia said on Friday it has filed a writ to the Madras High Court to contest a claim from the Tamil Nadu tax department, which has moved to assess sales tax on the export of devices from the company's Chennai facility.

India's Supreme Court last week ordered the Finnish company to give a 35 billion Indian rupee ($571 million) guarantee and waive some of its rights to legal defence before it transfers the factory to Microsoft.

India's Tamil Nadu tax authority claims that Nokia's devices made in Chennai were not exported and were instead sold domestically in India, an "absurd" cliam according to the Finish company. Nokia considers the claim to be completely without merit and counter to domestic tax laws.

"In India, exports are by law exempt from tax, and Nokia has proved consistently that devices produced at Chennai are exported abroad. Indeed, the company has been regularly assessed and audited by the tax authorities since 2006 without incident, and it has also won numerous export awards from governmental organisations," Nokia said.

Products exported from India are exempt from tax.

Nokia plans to defend itself "vigorously".

The company also expects to close the Microsoft deal by the end of this month.




Previous
Next
BlackBerry To Sell Most of Its Canadian Real Estate        All News        Google Lists Top 10 Google Glass Myths
BlackBerry To Sell Most of Its Canadian Real Estate     Mobiles News      Samsung To Preview of Galaxy S5 and Gear Devices Prior to Launch

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia, SKT Team Up On 5G Research
Nokia To Return To Phone Business Next Year
Nokia Networks to Acquire Eden Rock
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing
Nokia to Buy Alcatel-Lucent
Nokia May Buy Alcatel-Lucent Wireless Business
Nokia 215 Unveiled
Lumia 635 Comes to Boost Mobile, Virgin Mobile USA and Sprint
Nokia's First Brand-licensed Product Is The N1 Android Tablet
Nokia Teases With Mysterious New Product
Nokia Brand May Return In The Future: CEO

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .