Here’s why IBM has been asked to pay Rs 620 crore by DRI

BENGALURU: The Directorate of Revenue Intelligence (DRI) has issued a notice to technology major IBM, asking it to pay Rs 620 crore in unpaid customs duties for equipment imported into the country, three people familiar with the development told ET.
The DRI — which began investigating the suspected under-invoicing of equipment in 2014 — sent notices to IBM last week, the people said.
The agency has also issued two additional notices, two of the people said, which could take the total dues to Rs 900 crore. ET could not independently verify this claim.