HP India gets Rs 1,450-cr tax notice

The government has slapped a tax notice of Rs 1,450 crore on computer giant Hewlett Packard India for allegedly evading Customs duty, a charge which was refuted by the company.

According to  the Directorate of Revenue Intelligence (DRI) the company undervalued components and spare parts imported from countries like Singapore and the US and thus evaded Customs duty. As reported in  Business Standard,  HP India has been transparent and has cooperated fully with the DRI in its investigation. HP India refutes the DRI?s position and will challenge its claims through the judicial process.

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