AN investigation by India's Directorate of Revenue Intelligence has found that chinese smartphone maker Oppo evaded customs duty worth INR43.9 billion rupees (US$551 million), reports Reuters.
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.
A notice 'has been issued to Oppo India demanding (the) customs duty,' the government said. A spokesperson for Oppo, which is owned by China's BBK Electronics, said the company was reviewing the notice and would respond.
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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.
A notice 'has been issued to Oppo India demanding (the) customs duty,' the government said. A spokesperson for Oppo, which is owned by China's BBK Electronics, said the company was reviewing the notice and would respond.
SeaNews Turkey
