INDIAN GOVERMENT SAYS HP OWES $323M IN CUSTOMS FEES

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INDIAN GOVERMENT SAYS HP OWES $323M IN CUSTOMS FEES

 user 2010-05-10 at 9:34:02 am Views: 46
  • #23762

    http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/05/03/daily42.html
    INDIAN GOVERMENT SAYS HP OWES $323M IN CUSTOMS FEES
    The Indian government says computer and printer maker Hewlett-Packard Co. owes some $323 million in customs fees.India’s Directorate of Revenue Intelligence said Palo Alto-based HP imported goods using lower price estimates to avoid 14.5 billion rupees in customs charges.HP said in news reports that it plans to fight the charges.Hewlett-Packard is already being investigated for alleged bribery in Moscow: authorities in both Russia and Germany are looking into the case, which has also been picked up by the Securities and Exchange Commission in the United States.