: Oppo India gets notice for `4,389-cr import duty evasion #finance #StockMarketNEWS #Business Press Trust of India New Delhi Chinese phone maker Oppo’s India unit has been slapped with a notice
Oppo India gets notice for `4,389-cr import duty evasion #finance #StockMarketNEWS #Business
Press Trust of India
New Delhi
Chinese phone maker Oppo’s India unit has been slapped with a notice for alleged Rs 4,389 crore import duty evasion, the Finance Ministry said on Wednesday.
A show-cause notice (SCN) has been slapped on Oppo India on July 8 after the recovery of documents during searches on its premises that indicated wilful misdeclaration in the description of some imports and remittance of royalty and license fees to various MNCs, including those based in China.
During an investigation of Oppo Mobiles India Pvt Ltd, a subsidiary of Guangdong Oppo Mobile Telecommunications Corporation Ltd, the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore, the ministry said.
Reacting to the development, Oppo India said it has a “different vietۈ HY[[ۙY[ Hӈ[ [ ZH X]H [ Y[Y[ [YYYˈ'H]HHY[ Y]ۈ HY[[ۙY[ HӋH[Y]H]8&[[ K]YHYHX[Hܜܘ]H ܚ[ۋ [XH ]Y][ Hӈ XZ]YHK[ HH[ H HXK [[݈ YK[ [H ܚ[ ] H []YݙY[Y[ ˈ' [XHH ۜXHܜܘ]H[[Y][ H Y[ܜܘ]Hݙ[H[Y]ܚˈ [XH [ ZH X]H X^HHYYY[ Yؙ[ Y[[H [YYY ݚYY [ H]8 ZY[[[XZ[ ۜK [XH[YY[ H[وX[YX [[X[ [H Y[ X][ۈو[ؚ[H[ ] [XܚY [وXܛ[XK]X[ [ [[ و[ؚ[H ۙ[ Y[ ۙT [X[YK [ H[Y][ۋ X ٙHۙ XYH HH] HٙXH [Zو [XH[ Y[و] ^HX[Y[Y[[YY XY H XݙHو8'[ܚ[Z[][]Y[K[X][ [[ZX][ۈ[ Hܚ [ۈوٝZ[][[ܝY܈ H[ HX[YX Hو[ؚ[H ۙ(⠠F2֗6FV6&F&W7VFVBw&vgVfVBbVƖv&RGWGWVF&VVfG2'FVFrF'2"Ó7&&R⠠6V"vVVBVVW2BFW7F27WƖW'2bFVW7FVB'FRE$ff6W'266WFVBFR7V&֗76bw&vgVFW67&F&Vf&RFR7W7F2WF&FW2BFRFRb'BFR֖7G'6B⠠FRfW7FvF6&WfVVBFBFB&V֗GFVBFR&f62f"VBb( &G( B( Ɩ6V6RfV^( Ff&W2VFF6W26VFrF6R&6VB6ƖWRbFRW6Rb&&WF'FV6w'&B"Ɩ6V6RWF2
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