Madras High Court orders review of Nokia tax demand for beleagured Chennai plant

court orders
- Advertisement -

A court ordered tax authorities in Tamil Nadu on Tuesday to reconsider a nearly $400 million sales tax claim against Nokia on handsets made at the Finnish company’s Chennai plant.

Nokia, which is embroiled in a separate tax dispute with the authorities that stopped the plant from being transferred to Microsoft as part of the sale of its mobile phone business, had appealed to the Madras High Court after receiving a demand notice for about 24 billion rupees ($396 million).

The court on Tuesday asked Nokia to deposit 10 percent of the disputed tax demand within eight weeks as a precondition for the two sides to discuss the claims afresh, according to a copy of the court order seen by Reuters.

Tamil Nadu authorities had alleged that handsets from Nokia’s Chennai plant were not exported but instead sold in India, the company said in March, calling the claim “absurd”.

Nokia is “weighing its options for legal recourse”, it said in a statement on Tuesday after the court order. “(Nokia) would like to reiterate that it continues to see the Tamil Nadu claim as without merit and will defend itself vigorously,” the company said.

Nokia last week closed the deal to sell its handsets business to Microsoft, but left the factory out of the deal. It would operate the Chennai factory as a contract manufacturing unit for Microsoft.

Reuters

- Advertisement -

Related Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

43,180FansLike
535FollowersFollow
45,700SubscribersSubscribe

Latest Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

How To Protect Your Smartphone From Hackers, then follow these Tips

protect your smartphone from hackers: Smartphone usage has increased sharply in the Corona era, so hacking cases...

Vivo launched its first Smartwatch Vivo Watch equipped with a heart rate and blood oxygen sensor

Vivo has launched its first smartwatch Vivo Watch. This latest smartwatch has been made available in 42mm...