Oppo India Found Invading Customs Duty Of Rs. 4,389 Crores
Oppo has become the third company under government scrutiny for evading customs duties after Xiaomi and Vivo.
The Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore by Oppo Mobiles India Private Limited.
The Intelligence department conducted searches at the office premises of Oppo India and residences of its key management employees.
The misdeclaration resulted in wrongful availment of ineligible duty exemption benefits by Oppo India amounting to Rs. 2,981 crore.
The Intelligence department questioned senior management employees and domestic suppliers of Oppo India, who in their voluntary statements accepted the submission of wrongful description before the Customs Authorities at the time of import.
The alleged duty evasion by M/s Oppo India on this account is Rs. 1,408 crores. Oppo India has voluntarily deposited a sum of Rs 450 crore as partial differential Customs duty.