Contract manufacturer Flex seeks to overturn Indian tribunal ruling in Xiaomi tax case, court filing shows
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Contract manufacturer Flex is seeking to overturn an Indian Tax Tribunal ruling that ordered Xiaomi to pay $72 million in unpaid taxes on royalties. Flex argues that the tribunal's decision could lead to severe penalties for them, claiming they did not assist Xiaomi in undervaluing imports. Xiaomi is also challenging the ruling, stating it undermines trust in the contract manufacturing sector in India. The Supreme Court has requested the Indian government to respond, with the next hearing scheduled for April.
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