India: Tax evasion notices issued to three Chinese mobile companies, ED investigating
Story highlights
Union Finance Minister Nirmala Sitharaman stated that there are numerous telecom businesses under Department of Revenue Intelligence inquiry.
According to Union Finance Minister Nirmala Sitharaman on Tuesday, the government has sent letters to Oppo, Vivo India, and Xiaomi in connection with incidents of potential tax fraud. The cellphone business Oppo has received notification from the Department of Revenue Intelligence (DRI) regarding a total of Rs 4.38 lakh million in customs duties. Xiaomi has received three show-cause letters, and their estimated duty due is Rs 6.5 thousand million. And the third firm is Vivo India, for which a demand notice for Rs 22 billion was also issued, and against which they made a voluntary deposit of Rs 600 million.
Additionally, according to Sitharaman, the ED is looking into 18 Vivo-founded firms where a voluntary deposit of Rs 6.2 lakh million has been made. Sushil Modi, a member of parliament, stated that the department had informed him that Vivo Mobile India had sent approximately Rs. 6.2 lakh million to China and its controlled territories. He then asked what other Chinese companies had sent money to China and its controlled territories and what the amounts involved were. In response to a different question, the minister stated that there are numerous telecom businesses under DRI inquiry.
trending now
)
Nat Sciver-Brunt stars as England women beat India women in first T20I
)
Aide of 26/11 terror attack mastermind Hafiz Saeed killed in Pakistan
)
Google launches Gemini, its most advanced AI model that powers Bard, intensifying competition with OpenAI
)
Love triumphs borders: Pakistani woman granted visa, crosses into India for marriage
)
US charges four pro-Russian troops in Ukraine with war crimes
)
Earth on verge of crossing major ‘tipping points’, might trigger climate catastrophe in 10 years: Report
)
Top 10 world news: Putin's West Asia trip, deteriorating situation in Gaza, and more
)
Khalistani terrorist Gurpatwant Singh Pannun threatens to blow up parliament after failed assassination bid
)
Your everyday shampoo has chemicals you can't even fathom, says study
)
WPL 2024 auction: Date, teams, available slots, overseas, retained and released players | All you need to know
)
Netflix renews Squid Game The Challenge for Season 2
)
India's stock market hits $4 trillion milestone, gains surpass Hong Kong
)
PM Modi hails Garba as 'celebration of life' after UNESCO's listing of dance form as 'Intangible Heritage'
)
'If you want to pick me for T20 WC 2024...: What Rohit told BCCI officials and selectors - Report
)
Crisis deepens as war spreads to south Gaza: Evaluating outcomes against realities
In response to a BJD member's query on shady loan applications, she stated that the member had expressed "a legitimate concern." According to her, from the perspective of loan-related difficulties, applications are being misused, especially those coming from one specific country, and as a result, many of our residents are harassed and have money extorted from them. Although it has been correctly noted that these Apps are being downloaded in, say, one Odisha, there are other States about which there are reports. MeitY, Corporate Affairs, the Ministry of Finance, and a few other Departments, among others, are all continuously debating and trying to make sure that action is implemented.
(with inputs from agencies)
)
