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The Customs Department is likely to serve a Rs 650-crore show-cause notice to luxury car maker BMW alleging that it imported semi-knocked down cars but paid duty for completely-knocked down car units.
“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 company will be served notice in two weeks. The notice states that BMW imported SKD duty which is 30 percent cars but paid duty for CKD which is at 10 percent.
[caption id=“attachment_765663” align=“alignleft” width=“450”] Reuters[/caption]
“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.
The customs duties on SKD and CKD are 30 percent 10 percent, respectively.
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.”
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