Photo for representation
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The Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion to the tune of Rs 2,217 crore by the Indian subsidiary of China&rsquo;s Vivo Communication Technology Co. Ltd, according to information provided by the Finance Ministry today.</p>
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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 misdeclaration in the description of certain items imported by M/s Vivo India, for use in the manufacture of mobile phones.</p>
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M/s Vivo India is engaged in the business of manufacturing, assembling, wholesale trading as well as distribution of mobile handsets and accessories.</p>
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This misdeclaration 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 be paid.&nbsp;</p>
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A sum of Rs 60 crore has been voluntarily deposited by M/s Vivo India, towards payment of the duty liability.</p>
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Recently, in another set of investigations conducted by DRI, show cause notices demanding duty of Rs. 4,403.88 crore have been issued to M/s Oppo Mobiles India Private Limited and Chinese company.</p>
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