LG and Samsung Face India OLED Tariff Probe
India is investigating LG and Samsung for allegedly paying lower tariffs on imported OLED TV display parts. Authorities claim the companies wrongly claimed a 5% concessional duty instead of the required 15% rate.
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LG Electronics Inc and Samsung Electronics Co Ltd are facing an investigation in India over allegations of paying lower tariffs on imported OLED display parts. The probe puts premium television components from the two South Korea-based giants under regulatory scrutiny. Tax investigations have long challenged foreign investors operating in the nation.
