CBEC likely to serve Rs 650-crore duty evasion notice

May 9,



New Delhi,:-





Luxury car maker BMW is likely to be served with a Rs 650-crore show cause notice by the Central Board of Excise and Customs (CEBC) for alleged duty evasion. CEBC alleged that the company imported semi-knocked down cars but paid duty for completely-knocked down car units.



When contacted for comment, BMW India spokesperson said, \"An inspection is in process by the authorities at BMW Plant in Chennai. We are co-operating with the authorities in the inspection process.\"



\"The Central Board of Excise and Customs (CEBC) Chennai office will serve Rs 650 crore show-cause notice to BMW,\" a Finance Ministry official said.



\"The department believes that BMW imported semi-knocked down (SKD) cars but paid duty for completely-knocked down (CKD) cars. The company will be served notice shortly,\" the official added.


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