Stay updated with breaking news from Xiaomi Fine. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In the statement, Xiaomi said that whether royalty and licence fee should be included in the price of imported goods is a complex and technical challenge across the world.
A show-cause notice has been slapped on Xiaomi India following the recovery of documents that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations.
The Directorate of Revenue Intelligence (DRI has reportedly issued a show-cause notice to mobile handset manufacturer Xiaomi India for evading custom duty worth Rs 653 crore.
The Directorate of Revenue Intelligence (DRI has reportedly issued a show-cause notice to mobile handset manufacturer Xiaomi India for evading custom duty worth Rs 653 crore.