business ๐ VW's $1.4B tax case to restart in Bombay High Court
The Bombay High Court is re-hearing Volkswagen's $1.4 billion customs tax dispute after failing to deliver a verdict in time. This case involves Skoda Auto Volkswagen India Pvt Ltd and customs authorities regarding imported vehicle parts for the Aurangabad plant. The bench had reserved its judgment on February 26, 2025, but released the matter due to work exigencies. Volkswagen will now have to present its arguments again before a different tax bench. For now, the court has granted VW four weeks of temporary relief. ๐