Vivo accused of evasion of custom duty of Rs 2217 crore, DRI sent show cause notice

Vivo Custom Duty: Directorate of Revenue Intelligence ie (DRI) had received information that Vivo, which is a Chinese mobile company, is moving from China to China without paying custom duty. Bringing goods to India. During investigation, the DRI came to know that Vivo company has evaded customs duty of about Rs.2217 crore so far.

M/s Vivo India is a subsidiary company of Vivo Communication Technology with its headquarter in China. The company deals in the manufacturing, assembling and distribution of mobile handsets and its accessories. 

Raids on many locations of Vivo India
According to DRI sources, when the search operation was done on many locations of Vivo India, it was found that in what way a well-planned conspiracy to evade customs duty prepared. In connection with this matter, the DRI recovered several important documents related to custom duty evasion from the offices of Vivo India. By evading custom duty in this manner, Vivo India made a profit of Rs.2217 crore to Vivo Communication Technology Corporate Limited.

The customs department ordered to pay the duty of how much?
After the completion of the investigation, the customs department sent Vivo India under the Customs Act 1962. Issuing the notice, orders were given to pay custom duty of Rs 2217 crore. According to DRI, M/s Vivo India has paid Rs 60 crore out of this. Apart from this, DRI has also issued a notice to Chinese mobile company Oppo Mobile India Pvt Ltd for evading customs worth Rs 4403.88 crore.

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