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Nokia protests against $414 mln tax claim in India-Reuters

Friday, 21 Mar 2014 07:44am EDT 

Nokia Oyj:Receives a new 300 million euro ($414 million) sales tax claim from a regional authority in India-Reuters.Files a writ to protest Tamil Nadu authority claiming that handsets produced in the company's Chennai plant were not exported but instead sold in India.Considers the claim to be without merit and counter to domestic tax laws.In a broader tax dispute last week India's Supreme Court ordered Nokia to give a 35 billion Indian rupee ($571 million) guarantee before it transfers the Chennai plant to Microsoft. 

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