Sunday, November 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Regin Trojan Enables Stealthy Surveillance: Symantec
ASTC Says 100 TB HDDs Coming in 2025
Alienware Alpha PC Gaming Console Now Shipping
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 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's First Brand-licensed Product Is The N1 Android Tablet
Nokia Teases With Mysterious New Product
Nokia Brand May Return In The Future: CEO
Microsoft's First Nokia-free Lumia Coming Next Week
Lumia 635 Coming to Cricket Wireless
Lumia 830 Coming to AT&T With Free Fibit Flex
Microsoft To Keep Nokia Brand For Low-end Smartphones
New Portable Power Charger For Microsoft Phones
Nokia 130 Coming To Stores
Microsoft To Drop The Nokia Branding
New Updates for The Nokia X2
IFA: New Nokia Lumia Smartphones Come With Enhanced Imaging Capabilities

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .