Tuesday, 1 September 2009

Tax evasion case filed against Amway

The Commercial Tax Department of A.P. filed a case on 26-08-2009 against Amway India Enterprises on the charges of evading of VAT (Value Added Tax) of about Rs.90 lakh. The Hon'ble High Court of Andhra Pradesh also rejected the plea of Amway to grant stay and ordered the Amway India to pay 40 per cent immediately.
The Division Bench of the Hon'ble High Court of A.P. headed by Hon'ble Judges Goda Raghu Ram and Ramesh Ranganadhan refused to grant stay to Amway against the orders of the A.P. Commercial Taxes Department about the proceedings launched by the Department against the tax evasion by the Amway (W.P.No.17536 of 2009).
Please refer Writ Petition No.17536 of 2009 on the website of Hon'ble High Court of A.P. High Court website link to know the status of the case:


quixtarisacult said...

I recall that it was tax evasion charges that toppled one Alfonse Capone. Tax evasion issues should be investigated here in the USA.

dtytrivedi said...

If the company is found guilty, then right steps should be taken make the settlement but this does not mean that it is a fraud company.

There are many big corporations who have been heavily penalized. Recently Pfizer was penalized for criminal activities. the company settled the charges for $2.3 billion!!. And this was not their first mistake, the company also was charged with similar types of frauds in history. And you know that Pfizer is the largest pharma company in the world.

dtytrivedi said...

Amway is not the only company one which faced such charges, large corporations like UBS bank is also involved in such cases.


The point which I am trying to make that the evidence which you are trying to show are definitly right but this does not mean that it is fraud company