Page 164 - Oppo News Today

Meanwhile, last week, Chinese smartphone company Vivo was found to be involved in huge hawala transactions. The ED has found that out of the total sale proceeds of Rs 1,25,185 crore, Vivo India remitted Rs 62,476 crore -- almost 50 per cent of the turnover out of India, mainly to China.

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

The Directorate of Revenue Intelligence (DRI) conducted searches at the office premises of Oppo India and residences of its key management employees, which led to the recovery of incriminating evidence indicating wilful misdeclaration in the description of certain items imported by the company, which were meant for use in the manufacture of mobile phones.

An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion Indian rupees ($551 million).

Oppo evaded about Rs 4,387 crore in import tax, says government

Chinese phone maker Oppo's India unit has been slapped with a notice for alleged Rs 4,389 crore import duty evasion, the Finance Ministry said on Wednesday.

The London-based company has launched the smartphone it teased for months, which Nothing said undercuts premium handsets with similar features.

After Vivo, Oppo is now in trouble for evading taxes in India.

The company stated, ''Oppo India is a responsible corporate and believes in the prudent corporate governance framework.

The Delhi High Court on Wednesday allowed Chinese smartphone manufacturer Vivo to operate its bank accounts on the condition that it furnishes a bank guarantee of ₹950 crores and maintains ₹250 crores in its accounts.