New Delhi: Searches at the premises of mobile company Oppo India resulted in the unearthing of a customs duty evasion of Rs 4,389 crore by the Directorate of Revenue Intelligence (DRI), according to an official statement on Wednesday. Oppo India is a subsidiary company of China-based Guangdong Oppo Mobile Telecommunications Corporation Ltd.
The searches come days after the Enforcement Directorate (ED) conducted raids against Chinese smartphone manufacturer Vivo and related firms at more than 40 places across India in a money-laundering investigation. The ED said the company’s Indian arm “remitted” almost 50 per cent of its turnover, which is Rs 62,476 crore to China to avoid taxes here, News18 reported.
“During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as Oppo India), a subsidiary company of Guangdong Oppo Mobile Telecommunications Corporation Ltd, China (hereinafter referred to as Oppo China), the Directorate of Revenue Intelligence (DRI) has detected customs duty evasion of around Rs 4,389 crore,” the finance ministry said in a statement on Wednesday.
Angul (Odisha): Jindal Foundation, the social arm of Naveen Jindal-led Jindal Steel & Power, has…
Mumbai: Hours after stating that he had to fire a crew member on the sets…
Mumbai: In keeping with the trend across Maharashtra, the Mahayuti coalition’s candidate won the Anushakti…
Mumbai: Celebrated musician AR Rahman’s grey divorce, after 29 years of marriage to Saira Banu,…
Bhubaneswar: In a significant step towards strengthening higher education, the state Cabinet on Saturday approved…
New York: As talk about the United States of America’s (USA) mounting debts are doing…
Rachi/Bhubaneswar: Odisha Governor Raghubar Das’ daughter-in-law Purnima Das Sahu has won from Jamshedpur East Assembly…
Perth: Openers Yashasvi Jaiswal (batting 90) and KL Rahul (batting 62) put up a stellar…