Sukrit Kapoor Comments on Volkswagen Tax Dispute in Moneycontrol

Sukrit Kapoor was recently quoted in Moneycontrol regarding the ongoing legal dispute between Volkswagen and the Indian Central Board of Indirect Taxes & Customs. The case, which has been admitted by the Bombay High Court, raises significant questions about the interpretation of tax regulations on Completely Knocked Down (CKD) imports.

Sukrit highlighted that while precedents set by the Supreme Court and the Madras High Court could play a role in shaping the outcome, the final decision will hinge on the specific facts of the matter as assessed by the Bombay High Court. His insights underscore the complexities of indirect tax laws and their impact on the automobile industry.

Read more: https://www.moneycontrol.com/automobile/tax-evasion-notices-to-volkswagen-kia-what-does-indian-law-say-about-importing-ckd-units-explained-article-12934605.html