OPPO's turn after VIVO: Chinese mobile company claims tax evasion of over Rs 4,000 crore
The Revenue Intelligence Directorate (DRI) has claimed that mobile company Oppo India has evaded taxes worth Rs 4,389 crore.
The Revenue Intelligence Directorate (DRI) has claimed that mobile company Oppo India has evaded taxes worth Rs 4,389 crore. Let me tell you, Oppo is a Chinese mobile company. The ED raided several Oppo offices in May this year.
The PIB has also given information about the DRI’s action in a press release. The DRI team was raided at Oppo India’s offices during the raid, the release said. The houses of officials attached to the management of Oppo India were also raided.
Vivo, another Chinese company, has also been accused of tax evasion in the past. An ED investigation has revealed that Vivo’s Indian unit shipped half of its turnover outside India to avoid tax liability. This amount is more than about 62 thousand crore rupees. Most of the amount has been sent to China during the investigation. In April alone, the ED froze Rs 5,551 crore deposited in Xiaomi’s bank account.
On the other hand, the Delhi High Court issued a notice to the ED
The Delhi High Court has issued a notice to the ED asking it to file a reply to an application by Vivo Mobile challenging the freezing of their bank accounts. It has also allowed debit freeze and bank guarantee of Rs 950 crore and opening of bank account for keeping balance of Rs 250 crore. The ED has also been asked to provide details.
