'Catastrophic consequences' if Skoda gets limitation relief in USD 1.4 bn tax case: Customs to HC
'Catastrophic consequences' if Skoda gets limitation relief in USD 1.4 bn tax case: Customs to HC
MUMBAI: The Customs department has urged the Bombay High Court to dismiss the plea filed by Skoda Auto Volkswagen India in connection with a tax demand of USD 1.4 billion on the ground of time limitation as this would lead to "catastrophic consequences".
The department earlier this month filed its affidavit in reply to Skoda's petition challenging the September 2024 show cause notice.
A division bench of Justices B P Colabawalla and Firdosh Pooniwalla has been extensively hearing the plea filed by the automobile company challenging the notice on the ground that it was arbitrary and illegal.
