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 9:34:56 am Views: 58
  • #23550
    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.