Tonernews.com, May 10, 2010. USA
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/05/03/daily42.html
INDIAN GOVERMENT SAYS HP OWES $323M
IN CUSTOMS FEES
The Indian
government says computer and printer maker Hewlett-Packard Co. owes some
$323 million in customs fees.India’s Directorate of Revenue
Intelligence said Palo Alto-based HP imported goods using lower price
estimates to avoid 14.5 billion rupees in customs charges.HP said in
news reports that it plans to fight the charges.Hewlett-Packard is
already being investigated for alleged bribery in Moscow: authorities in
both Russia and Germany are looking into the case, which has also been
picked up by the Securities and Exchange Commission in the United
States.
Its Free! Click Here to Share your Success Stories with Tonernews.com and We'll Publish it for You! INDIAN GOVERMENT SAYS HP OWES $323M
IN CUSTOMS FEES
The Indian
government says computer and printer maker Hewlett-Packard Co. owes some
$323 million in customs fees.India’s Directorate of Revenue
Intelligence said Palo Alto-based HP imported goods using lower price
estimates to avoid 14.5 billion rupees in customs charges.HP said in
news reports that it plans to fight the charges.Hewlett-Packard is
already being investigated for alleged bribery in Moscow: authorities in
both Russia and Germany are looking into the case, which has also been
picked up by the Securities and Exchange Commission in the United
States.