India has ordered Samsung and its executives to pay $601 million (Rs. 5,174 crore approx.) in back taxes and penalties for evading tariffs on telecom equipment imports, marking one of the largest such demands in recent years, a government order cited by Reuters reported. This hefty fine targets the South Korean giant’s practices in a key market where it dominates consumer electronics and smartphones. Continue reading “Samsung faces $601 million tax penalty in India over import duties: Report”