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Finance Minister Nirmala Sitharaman has said that the government is probing alleged tax evasion by Chinese smartphone makers Oppo Mobiles, Vivo India and Xiaomi and notices have already been issued against them. The Revenue Intelligence Department (DRI) has issued a notice to the mobile. The company Oppo has for a total customs duty of Rs 4,389 crore and these are on account of short payment in customs duty on the basis of wrong declaration of certain goods, he said in reply to supplementary during Question Hour. “Duty evasion we think is around Rs 2,981 crore,” the FM said. “Under valuation of imported goods for the purpose of payment of customs duty, which we believe amounts to theft of Rs 1,408 crore,” she said.
Sitharaman said that they have come voluntarily to deposit Rs 450 crore, which is much higher than the demand of Rs 4,389 crore.
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Regarding other companies, he said that Xiaomi is another mobile company that deals in assembled Mi mobile phones. “Three show cause notices have been issued to him and he has a duty liability of about Rs 653 crore. Three show cause notices have been issued, he has deposited only Rs 46 lakh,” the minister said.
The third company is Vivo India, for which a demand notice of Rs 2,217 crore has also been issued, for which they have deposited Rs 60 crore as voluntary deposit, he informed the House.
“Besides these, the ED is looking at 18 companies which were set up by the same group Vivo and there they have voluntarily sent Rs 62 crore as deposits, but outside India the total sales of the parent company is Rs 1.25 lakh crore. Is.
Sitharaman said, “Out of the total sales of Rs 1.25 lakh crore, Vivo has transferred a large amount of money through these 18 companies and Vivo India is believed to have remitted Rs 0.62 lakh crore to its parent company, who is outside India.
He said during Question Hour that action is also being taken against suspicious digital loan apps coming from outside the country.
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