Close Menu
    • Home
    • Contact Us
    Asia NoticeAsia Notice
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Asia NoticeAsia Notice
    Home » Over INR 4,000 crore in tax evasion by Chinese smartphone maker Oppo India
    Technology

    Over INR 4,000 crore in tax evasion by Chinese smartphone maker Oppo India

    July 15, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    The Indian Department of Revenue Intelligence (DRI) has accused Chinese smartphone maker Oppo Mobiles India Private Limited (Oppo India) of evading customs duty. At Oppo India, a subsidiary of Guangdong Oppo Mobile Telecommunications Corporation Ltd, China (Oppo China), DRI detected customs duty fraud worth INR 4,389 crores. A search of Oppo India’s offices and the residences of its key management employees uncovered incriminating evidence indicating wilful misdeclaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones.

     Over INR 4,000 crore in tax evasion by Chinese smartphone maker Oppo IndiaAs a result of this misdeclaration, Oppo India has benefited from ineligible duty exemptions worth INR 2,981 crores. In their voluntary statements, senior management employees and domestic suppliers of Oppo India admitted to having submitted a wrongful description to the Customs Authorities at the time of import.

    Besides, Oppo India was found to have paid Royalty and License Fees to various multinational companies, including those based in China, in return for use of proprietary technology/brand/IPR, according to the anti-smuggling arm of the Central Board of Indirect Taxes & Customs. In violation of Section 14 of the Customs Act, 1962, read with Rule 10 of the Customs Valuation (Determination of Value of Imported Goods) Rules 2007, Oppo India’s Royalty and Licence Fees were not included in the transaction value of the goods imported by them. On this account, Oppo India allegedly evaded duty by INR 1,408 crores.

    Oppo India voluntarily deposited INR 450 crores as partial differential Customs duty short payments. Oppo India was served with a show cause notice after the investigation was completed, demanding customs duty of INR 4,389 crore. Under the Customs Act, 1962, Oppo India, its employees, and Oppo China are also proposed to pay penalties. Oppo India manufactures, assembles, wholesale trades, and distributes mobile handsets and accessories throughout India. The Oppo India website offers a variety of mobile phone brands, including Oppo, OnePlus, and Realme.

    Related Posts

    Tech giants join Nvidia to form Open Secure AI Alliance today

    July 28, 2026

    UN urges fair rules for artificial intelligence worldwide

    July 18, 2026

    Australia AI office faces calls for artist representation

    July 16, 2026

    Samsung sets 2029 start for first Yongin semiconductor plant

    July 13, 2026

    China unveils AI protein synthesis platform in Shanghai

    July 11, 2026

    OpenAI unveils GPT-5.6 models and Work agent

    July 10, 2026
    Latest News

    India approves 84084 crore offshore oil gas exploration scheme

    August 1, 2026

    Australia passes major National Disability Insurance Scheme reform

    August 1, 2026

    Statistics Canada reports 0.3% GDP growth in May

    August 1, 2026

    Emirates launches cryptocurrency payment option for flight bookings

    July 29, 2026

    FIA President meets with Hungarian PM and Czech President

    July 28, 2026

    Tech giants join Nvidia to form Open Secure AI Alliance today

    July 28, 2026

    Congo Ebola cases cross 3,000 following rapid regional spread

    July 27, 2026

    Heat intensifies severe drought across European nations

    July 24, 2026

    Amazon wildfires in Brazil fall to lowest level in four decades

    July 23, 2026
    © 2026 Asia Notice | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.