Oppo India additionally accused of tax evasion

Final week vivo received in bother with Indian authorities, which seized $58 million in property after a cash laundering probe. Now Oppo is within the scorching seat as native authorities are looking for $551 million (₹44 billion) for allegedly evading customized duties.

This was executed in two methods. First, the corporate is accused of “willful misdeclaration” of imported instruments and parts that it used to construct telephones. Second, it didn’t embrace numerous licensing charges into the value of imported items, charges that have been despatched overseas.

The native anti-smuggling company discovered proof after looking Oppo’s workplaces within the nation and questioning the leaders of the native department. Oppo’s senior administration has acknowledged the problem and has made a pre-payment of ₹4.5 billion, stories Reuters.

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