DRI demands ₹4,389 crores from Oppo India for customs duty violation
Indian tax authorities have issued a notice to Oppo Mobiles India Pvt Ltd. demanding ₹4,389 crore after an investigation into alleged customs duty evasion.
Investigation into the alleged customs duty evasion was done by the Directorate of Revenue Intelligence (DRI).
The senior management employees and domestic suppliers of Oppo India were questioned who in their voluntary statements accepted the submission of alleged wrongful description before the customs authorities at the time of import
OPPO India said in a statement that it has a different view on the charges made by the authorities in the show cause notice (SCN)
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.