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Chinese Phone Maker Oppo Evaded ₹ 4,390 Crore Customs Duty: Report

Faxapis

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Chinese Phone Maker Oppo Evaded ₹ 4,390 Crore Customs Duty: Report

An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth $551 million.

imlgneqo_image_625x300_13_July_22.jpg


NEW DELHI:
An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion rupees ($551 million), a government statement said on Wednesday.

Indian investigators found evidence that Oppo wrongfully used duty exemptions for items imported for use in mobile phone production, the statement said.

They also allege Oppo made royalty payments which were not added to the transaction value of imported goods, as required by Indian law, it added.

An spokesperson for Oppo, which is owned by China's BBK Electronics, did not immediately respond to a request for comment.

A notice "has been issued to Oppo India demanding (the) customs duty", the government said.
The Revenue Intelligence wing has also proposed penalties on Oppo India, its employees and Oppo China, the government statement said, without elaborating.

Many Chinese firms have struggled to do business in India after political tension ramped up following a border clash in 2020. India has cited security concerns in banning more than 300 Chinese apps since, and toughened rules on Chinese investment.

Action against Oppo comes amid growing scrutiny of Chinese smartphone markers in recent weeks.

The federal financial crime agency, the Enforcement Directorate, last week raided 48 locations of Vivo and its related entities, alleging that sale proceeds of Vivo India were transferred out of India to show losses and avoid paying taxes.

India smartphone market leader Xiaomi too has been under investigation, with the agency alleging it made illegal remittances abroad "in the guise of royalty" payments.

Both companies deny any wrongdoing.
 

Jackdaws

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Chinese Phone Maker Oppo Evaded ₹ 4,390 Crore Customs Duty: Report

An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth $551 million.

imlgneqo_image_625x300_13_July_22.jpg


NEW DELHI:
An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion rupees ($551 million), a government statement said on Wednesday.

Indian investigators found evidence that Oppo wrongfully used duty exemptions for items imported for use in mobile phone production, the statement said.

They also allege Oppo made royalty payments which were not added to the transaction value of imported goods, as required by Indian law, it added.

An spokesperson for Oppo, which is owned by China's BBK Electronics, did not immediately respond to a request for comment.

A notice "has been issued to Oppo India demanding (the) customs duty", the government said.
The Revenue Intelligence wing has also proposed penalties on Oppo India, its employees and Oppo China, the government statement said, without elaborating.

Many Chinese firms have struggled to do business in India after political tension ramped up following a border clash in 2020. India has cited security concerns in banning more than 300 Chinese apps since, and toughened rules on Chinese investment.

Action against Oppo comes amid growing scrutiny of Chinese smartphone markers in recent weeks.

The federal financial crime agency, the Enforcement Directorate, last week raided 48 locations of Vivo and its related entities, alleging that sale proceeds of Vivo India were transferred out of India to show losses and avoid paying taxes.

India smartphone market leader Xiaomi too has been under investigation, with the agency alleging it made illegal remittances abroad "in the guise of royalty" payments.

Both companies deny any wrongdoing.

Xiaomi. Vivo. Oppo.

images (2) (14).jpeg
 

Menthol

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Indians are the most gentle people I have ever met. They are ready to rob but they have an extra excuse.

Indian business is like that.

If they can fool you, rob you, it's a win for them.

It means they are smart.


Losing your sight means losing your money.

If you try to blame someone for this, you can't.

It's your own mistake, for not being careful enough.

It's not other people that are bad, it's you.


If you accuse them to be bad, you are wrong, because by doing so, it means you have a bad intention to harm people, to harm other people's reputations.


Try to debate this simple logic with them, you will go crazy.
 

mili

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Notice how the chinese posters gang up to protect a criminal organization ?

I am yet to see a chinese poster condem the organization for breaking the law or acting unethically.

That tells us a LOT about true chinese character (or lack of)
Ordinary indians love Chinese products, that's why the companies are there. They just dont want to pay taxes to the terrorist govt in delhi to be used to oppress indians, especially the minorities.
 

Jackdaws

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Notice how the chinese posters gang up to protect a criminal organization ?

I am yet to see a chinese poster condem the organization for breaking the law or acting unethically.

That tells us a LOT about true chinese character (or lack of)

Unfortunate, but true.

Ordinary indians love Chinese products, that's why the companies are there. They just dont want to pay taxes to the terrorist govt in delhi to be used to oppress indians, especially the minorities.
Lol. How much more servile can you possibly be?
 

Faxapis

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Ordinary indians love Chinese products, that's why the companies are there. They just dont want to pay taxes to the terrorist govt in delhi to be used to oppress indians, especially the minorities.

No problem.

Indian govt. has ways to deal with such people and companies with the full support of the Indian public.
 

mili

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No problem.

Indian govt. has ways to deal with such people and companies with the full support of the Indian public.
Wake up. The Chinese companies are able to operate in india due to the support of indian public & local officials, despite a hostile central govt.
No indian public, other than the bjp nazis, will help the delhi terrorists to collect taxes which will be used to screw them.
 

Faxapis

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Wake up. The Chinese companies are able to operate in india due to the support of indian public & local officials, despite a hostile central govt.
No indian public, other than the bjp nazis, will help the delhi terrorists to collect taxes which will be used to screw them.

Indian govt. does not need public help to collect taxes.

Neither do they need public help to put foreign criminals in Jail. Like those 15 chinese citizens found working illegally in Noida.

Better lay of the stuff you are smoking.
 

ckf

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Indian business is like that.

If they can fool you, rob you, it's a win for them.

It means they are smart.


Losing your sight means losing your money.

If you try to blame someone for this, you can't.

It's your own mistake, for not being careful enough.

It's not other people that are bad, it's you.


If you accuse them to be bad, you are wrong, because by doing so, it means you have a bad intention to harm people, to harm other people's reputations.


Try to debate this simple logic with them, you will go crazy.
Haha, All fdi/foreign firms have issues with Bad Indian bureaucracy/taxes and courts.

 

Faxapis

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Oppo India, a subsidiary company of Oppo China, evaded Customs Duty of Rs 4,389 crore: Directorate of Revenue Intelligence.

Oppo India's brands include Oppo, OnePlus and Realme.

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