During the course of investigation, searches were conducted by DRI officers at the factory premises of M/s Vivo India, which led to the recovery of incriminating evidence.
New Delhi: During an investigation against M/s Vivo Mobile India Private Limited, the Directorate of Revenue Intelligence (DRI) detected Customs duty evasion of around Rs 2,217 crore.
Vivo India is a subsidiary company of M/s Vivo Communication Technology Co. Ltd, Guangdong, China, and is engaged in the business of manufacturing, assembling, wholesale trading as well as distribution of mobile handsets and accessories thereof.
During the course of investigation, searches were conducted by DRI officers at the factory premises of M/s Vivo India, which led to the recovery of incriminating evidence indicating wilful mis-declaration in the description of certain items imported by M/s Vivo India, for use in the manufacture of mobile phones.
This mis-declaration resulted in wrongful availment of ineligible duty exemption benefits by M/s Vivo India, amounting to Rs 2,217 crore. After completion of the investigation, a Show Cause Notice has been issued to M/s Vivo India demanding Customs duty amounting to Rs. 2,217 crore, under the provisions of the Customs Act, 1962.
A sum of Rs 60 crore has been voluntarily deposited by M/s Vivo India, towards discharge of their differential duty liability.
On July 13, during an investigation against M/s Oppo Mobiles India Private Limited or ‘Oppo India’, a subsidiary company of Guangdong Oppo Mobile Telecommunications Corporation Ltd, China, the Directorate of Revenue Intelligence (DRI) had 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 across India. Oppo India deals in various brands of mobile phones, including Oppo, OnePlus and Realme.
