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Indian Government Says Chinese Phone Maker Oppo Evaded Rs 4,390 Crore Customs Duty

oppo

A statement by Indian Finance Ministry on Wednesday said an investigation by India’s Directorate of Revenue Intelligence (DRI) has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion rupees ($551 million).

The statement by the Indian government claimed that investigators found evidence Oppo wrongfully used duty exemptions for items imported for use in mobile phone production.

The Chinese phone maker also made royalty payments which were not added to the transaction value of imported goods, as required by Indian law, the statement added.

The government further said that a notice “has been issued to Oppo India demanding (the) customs duty”.

The statement, without going into much details, also said the Revenue Intelligence wing has also proposed penalties on Oppo India, its employees and Oppo China.

After political tensions between India and China rose because of border clash in 2020, many Chinese firms have struggled to do business in India. The Indian government, citing security reasons, has more than 300 Chinese apps since, and toughened rules on Chinese investment.

The action against Oppo comes amid stringent scrutiny of of Chinese phone makers operating in India.

Earlier last week, the Enforcement Directorate (ED) carried out raids at multiple locations across the country linked directly and indirectly to Chinese mobile company Vivo. The ED had also raided Xiaomi under FEMA. It had seized Rs 5,551.27 crore of smartphone giant Xiaomi India under the provisions of the Foreign Exchange Management Act (FEMA), 1999.

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“Baseless”: India Dismisses Reports Of Helping Lankan Prez Flee

Sakeena Sayyed
India said speculations doing rounds in the media that India provided help to the Rajapaksa family who fled to the Maldives were untrue.

Mumbai: After the Sri Lankan president Rajapaksa Gotabaya bolted to the Maldives in a military aircraft, there were reports that stated that India has helped the president in doing so. The Indian High Commission in Sri Lanka has dismissed “baseless” and “speculative” media reports.

“High Commission categorically denies baseless and speculative media reports that India facilitated the recently reported travel of @gotabayar @Realbrajapaksa out of Sri Lanka,” the Indian High Commission in Sri Lanka tweeted.

The Indian high commission was quick to issue tweets dismissing any reports that New Delhi helped him or his brother Basil Rajapaksa leave Sri Lanka. “It is reiterated that India will continue to support the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values, established democratic institutions and constitutional framework,” it added.

“According to the request of the Government in accordance with the powers vested in an Executive President in the Constitution of Sri Lanka, His Excellency the President and the Lady along with two bodyguards from Katunayake International Airport to the Maldives subject to the full approval of the Ministry of Defense subject to immigration, customs and all other laws at Katunayake International Airport. An Air Force flight was given early in the morning on 13th July 2022 to depart,” Sri Lankan Air Force Media Director said in a statement.

Prime Minister Ranil Wickremesinghe is scheduled to be sworn in today as interim President till a new President is elected by Parliament on July 20 and nominations for the presidency will be called for on July 19.

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