Maruti Probe Over Wrong Tax Code: According to the DRI inquiry, Maruti Suzuki imported the Shaft Assy Propeller under an incorrect HSN code, as per the World Customs Organisation s explanatory notes. The investigation also found that Integrated Goods and Services Tax (IGST) had been paid on certain automobile parts at a rate of 18%, while the correct rate should have been 28%.
Maruti Suzuki India is under investigation by the Directorate of Revenue Intelligence (DRI) for incorrect HSN code usage and incorrect payment of IGST on imported automobile parts. The company stated that it will respond appropriately to the inquiry and that it will not have a significant impact on its operations or finances.
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