DRI detected customs evasion worth over ₹2.21 crore by Vivo India: Govt

The Directorate of Intelligence Income (DRI) has detected Customs and Excise Avoidance ₹ 2,217 Crore from Vivo Mobile India PVT. Ltd, a subsidiary of China Vivo Communication Technology Co. Ltd. said the government.

According to a statement by the Ministry of Finance of the Uni on Wednesday, “During the investigation, the search was carried out by DRI officers at the M/S Vivo India factory, which caused a burdensome evidence that showed a deliberate rejection error in the description of certain items imported by M /S Vivo India, for use in making mobile phones. “

After the investigation was completed, the notification of the cause of the show was issued for Vivo India based on the provisions of the Customs Law, 1962.

The Ministry of Finance also said that a number of ₹ 60 Crore had been voluntarily stored by the company to carry out their differentiated task obligations.

Vivo India is a subsidiary of China Vivo Communication Technology Co. Ltd. and involved in manufacturing, assembly, wholesale trading and mobile and accessories distribution.

A day, Union Minister Nirmala Sitharaman said the Directorate of Enforcement (ED) was looking for 18 companies founded by Vivo, and, there, they voluntarily send ₹ 62,000 crore as a deposit.

“From ₹ 1.25 Lakh Crore, which is a total sales, Vivo has been transferred through 18 companies, a large number of funds and it is believed that Vivo India has, in turn, handing over RS.0.62 Lakh Crores to its parent company, which is a hospital. 0.62 Lakh to its parent company, which is RS.0.62 to its parent company, outside India, “Sitharaman told Rajya Sabha.

Meanwhile, the Uni government is also looking for alleged tax evasion cases by two other Chinese cellular companies- Oppo and Xiaomi.

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