The Directorate of Revenue Intelligence (DRI) has detected that Oppo Mobiles India Private Limited has evaded Customs duty of around Rs 4,389 crore.
"During an investigation pertaining to Oppo Mobiles India Private Limited, a subsidiary company of "Guangdong Oppo Mobile Telecommunications Corporation Ltd, China, we have detected Customs duty evasion of around Rs 4,389 crore. Oppo India is engaged in the business of manufacturing, assembling, wholesale trading, distribution of mobile handsets and accessories thereof, across India. Oppo India deals in various brands of mobile phones, including Oppo, OnePlus and Realme," said the DRI.
It further said that during the course of investigation, searches were conducted on the office premises of Oppo India and residences of its key management employees, which led to the recovery of incriminating evidence indicating wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones.
This mis-declaration resulted in wrongful availment of ineligible duty exemption benefits by Oppo India amounting to Rs 2,981 crore. Among others, senior management employees and domestic suppliers of Oppo India were questioned, who in their voluntary statements accepted the submission of wrongful description before the Customs Authorities at the time of import.
Investigation also revealed that Oppo India had remitted, made provisions for payment of 'Royalty' and 'Licence Fee' to various multinational companies, including those based in China, in lieu of use of proprietary technology/brand/IPR license etc. The said 'Royalty' and 'Licence Fees' paid by Oppo India were not being added in the transaction value of the goods imported by them, 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. The alleged duty evasion by M/s Oppo India on this account is Rs 1,408 crore.
A sum of Rs 450 crore has been voluntarily deposited by Oppo India, as partial differential Customs duty short paid by them.
After completion of the investigation, a show-cause notice has been issued to Oppo India demanding Customs duty amounting to Rs 4,389 crore. The said notice also proposes relevant penalties on Oppo India, its employees and Oppo China, under the provisions of the Customs Act, 1962.
Landslides snap road, rail links to Assam, Tripura, Mizoram, Manipur
Surface links to Assam's Barak Valley and Dima Hasao district and neighbouring states of Tripura, Mizoram, and Manipur remained snapped on Thursday as incessant rains triggered landslides and washed off roads as well as railway tracks in multiple locations of Assam, authorities said.
Kolkata Police in a fix over molestation complaint against Bengal Governor
Despite receiving a written complaint from a woman staffer of the Raj Bhavan accusing West Bengal Governor C.V. Ananda Bose of 'outraging her modesty', the Kolkata Police seem to be in a fix as to what should the next course of action in the matter.
Police detained 3 women with cannabis worth over Rs. 3 lakhs
In yet another significant drive against drugs, the police of Teliamura police station on Thursday morning detained at least three women along with a driver of an auto-rickshaw with cannabis worth over Rs. 3 lakhs.
Tripura govt imposes 'restriction' on sale of petrol & diesel amid regulations in train movements
In view of the restricted and regulated movement of trains, including goods trains between Tripura and the rest of the country, the state government has imposed restrictions on the sale of petrol and diesel from Wednesday.
Mizoram reports record GST collections in April, 4 NE states see negative growth
Quoting the GST data released by the Union Finance Ministry on Wednesday, a Mizoram government official said on Thursday that the state collected Rs 108 crore in GST in April against Rs 71 crore collected in the same month of 2023.
TRIPURA: 38-year-old man commits suicide by slashing throat
The incident took place at Kailasahar, Chantail area after the man identified as Ramakanta Mitra, a driver by profession, allegedly slashed his own throat by a sharp cutting weapon in one of his neighbour’s house on Thursday morning.
One killed, many injured as bus carrying Tripura bank job aspirants overturns in Assam
At least one person was killed and many others injured, all candidates of a recruitment exam of a Tripura bank, when their bus carrying the job aspirants overturned in Assam's Dima Hasao district, officials said on Thursday.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.