India’s the Directorate of Revenue Intelligence (DRI) has revealed that Oppo India has evaded paying custom duty worth Rs 4,389 crore, as per a recent investigation. This comes after similar investigations into Chinese brands like Vivo and Xiaomi. Here are the details.
The DRI has suggested that Oppo wilfully gave misdeclaration in the description of certain items imported, which were meant to be used in the manufacturing of the Oppo phones. It is also said that during the investigation, Oppo India’s employees and domestic suppliers agreed that they gave the wrong description of the imported items to the Customs Authorities.
Oppo, in a statement to TechCrunch, said, “We believe it’s an industry-wide issue many corporates are working on. OPPO India is reviewing the SCN received from DRI, and we are going to reply to the notice, presenting our side, and will be working further with the related government departments. OPPO India is a responsible corporate and believes in a prudent corporate governance framework. OPPO India will take appropriate steps as may be needed in this regard including any remedies provided under the law.“
