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  • Home
  • World
    PHOTO CREDIT-SHELL

    Global demand for LNG expected to grow by 65% by 2050

    Sagar Adani calls for faster electrification as Adani Green convenes global energy dialogue at London’s Science Museum .

    KitKat breaks through at Cannes Lions, wins Grand Prix for ‘The KitKat Heist’.

    Airbus signs Memorandum of Understanding to explore Japanese anti-submarine variant of the Eurodrone.

    “Summer Davos” Concludes in Dalian with Call to Scale Innovation Into Growth, Jobs and Competitiveness.

    PMJ Jewels Inaugurates Landmark Showroom in Frisco, Dallas

  • National
    • All
    • Economy & Politics
    • Election

    Communications leader Sharvani Prakash bags LeadHER Award 2026 for purpose-driven storytelling.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

    Journalists should work according to their conscience – Chief Minister D.K. Shivakumar.

    Annual General Meeting (AGM) and elections of the 110-year-old Century Club held in June.

    “Clinical excellence today extends beyond medical expertise to the strength of the systems that support patient care”.-Akshay Oleti, CEO, Apollo Hospitals, Karnataka Region.

    ONMO+ Smart Console Launches on Flipkart, Bringing High-Performance Premium Gaming to India at Low Cost.

  • Business

    Airbus signs Memorandum of Understanding to explore Japanese anti-submarine variant of the Eurodrone.

    “Summer Davos” Concludes in Dalian with Call to Scale Innovation Into Growth, Jobs and Competitiveness.

    UBS and Nethermind Complete Compliance Proofs of Concept on Ethereum.

  • Health

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

  • Technology
    • All
    • Environment
    • Science

    Global demand for LNG expected to grow by 65% by 2050

    Movate and MelodyArc Announce Applied AI Partnership to Transform CX Operations with AI-Powered Workflow Orchestration

    Qualcomm India Opens Registrations for Snapdragon Multiverse Hackathon to Build Multi-Device AI Solutions.

    Forensic Science Laboratory’s Achievements a Model for the Nation Government Committed to Further Strengthening It – Home Minister Priyank Kharge

    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

  • Auto

    Daimler India Commercial Vehicles (DICV) also joins the Government of India scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR.

    Busworld Türkiye 2026 grows by 15% as innovation takes centre stage.

    Tata Motors Strengthens eCV Leadership with over 3,400 Vehicle Orders Across Freight, Logistics and Passenger Mobility Segments.

    GAS Milano Unites the Superbike Fraternity with the Launch of its New Motorsport Inspired Collection.

  • Sports

    An Evening of Gratitude honours the Collective Spirit powering TCS World 10K Bengaluru 2026

    Vijay Shankar–Moeen Ali’s Kandy Royals Face Dambulla Sixers as Defending Champions Jaffna Kings Open Lanka Premier League 2026 Against Galle Gallants

    Magnus Carlsen Returns, Divya Deshmukh Set for Global Chess League Debut as Season 4 Player Draft Heads to Mumbai on June 29.

    India’s Drag-Flickers Credit Taekema-Led Specialised Camp for contributing in Nations Cup Success.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    ABD’s ICONiQ White Whisky Achieves Highest-Ever Monthly Sales, Over 1 Million Cases in a Month.

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

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DRI unearths Customs duty evasion of Rs. 4389 crore by Oppo India

by FWM
July 14, 2022
in National
0
13 JUL 2022 12:49PM by PIB Delhi

During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as ‘Oppo India’), a subsidiary company of “Guangdong Oppo Mobile Telecommunications Corporation Ltd”, China (hereinafter referred to as ‘Oppo China’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore. Oppo India is engaged in the business of manufacturing, assembling, wholesale trading, distribution of mobile handsets and accessories thereof, across India. Oppo India deals in various brands of mobile phones, including Oppo, OnePlus and Realme.

During the course of investigation, searches were conducted by DRI at the office premises of Oppo India and residences of its key management employees, which led to the recovery of incriminating evidence indicating wilful mis-declaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones. This mis-declaration resulted in wrongful availment of ineligible duty exemption benefits by Oppo India amounting to Rs 2,981 crore. Among others, senior management employees and domestic suppliers of Oppo India were questioned, who in their voluntary statements accepted the submission of wrongful description before the Customs Authorities at the time of import.

Investigation also revealed that Oppo India had remitted / made provisions for payment of ‘Royalty’ and ‘Licence Fee’ to various multinational companies, including those based in China, in lieu of use of proprietary technology/brand/IPR license etc. The said ‘Royalty’ and ‘Licence Fees’ paid by Oppo India were not being added in the transaction value of the goods imported by them, in violation of Section 14 of the Customs Act, 1962, read with Rule 10 of the Customs Valuation (Determination of Value of Imported Goods) Rules 2007. The alleged duty evasion by M/s Oppo India on this account is Rs. 1,408 crore.

A sum of Rs 450 crore has been voluntarily deposited by Oppo India, as partial differential Customs duty short paid by them.

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After completion of the investigation, a Show Cause Notice has been issued to Oppo India demanding Customs duty amounting to Rs. 4,389 crore. The said Notice also proposes relevant penalties on Oppo India, its employees and Oppo China, under the provisions of the Customs Act, 1962.

Tags: Oppo India

FWM

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