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| Name | #India accuses China’s #OPPO of evading $551m in import tax | EXIM Buddy |
| Video Uploader | Video From EXIM Buddy |
| Upload Date | This Video Uploaded At 14-07-2022 03:45:00 |
| Video Discription | #Indian #authorities Wednesday accused #Chinese #smartphone maker #Oppo of #evading #customs #duty worth $ 551 million, the latest tech company from #China to face scrutiny by local investigative agencies. India’s #Directorate of #Revenue #Intelligence (DRI) found evidence that Oppo wrongfully used duty exemptions for items imported for use in mobile phone production, a government statement said. DRI officials searched Oppo India offices and key managers’ residences, it said, and recovered ‘evidence indicating wilful misdeclaration in the description of certain items imported by Oppo India for use in the manufacture of mobile phones. Relations between New Delhi and Beijing have been at a low ebb since a deadly Himalayan military stand-off between the countries in 2020. The searches make Oppo the latest Chinese tech company come under New Delhi’s spotlight, after similar raids against Vivo, Xiaomi, and Huawei earlier this year. Oppo, which is owned by China’s BBK Electronics, did not immediately respond to a request for comment. Oppo India, which also manages other brands including OnePlus and Realme, is one of the largest smartphone vendors in the country. India’s home ministry has banned hundreds of mobile applications of Chinese origin, including the hugely popular social media platform TikTok. The government justified the bans as a necessary safeguard against threats to India’s sovereignty. Anti-China sentiment has grown in India since the fatal 2020 troop clash, sparking calls for consumer boycotts of Chinese goods. China continues to be a key economic partner for India, with more than $ 125 billion in bilateral trade last year. India is home to the second-highest number of smartphone users in the world, after China. Its smartphone market grew 27 percent year-on-year in 2021, according to tech research firm Counterpoint, with annual sales exceeding 169 million units. Dear Viewers, As a Certified Import Export Company, We would like to share our real-time experience and knowledge through EXIM Buddy | We Guide You. Benefits of Starting Import Export Business: foreign exchange, international relations, incentives, employment Basic Requirement for Starting Import Export Business: Company Name, PAN, GST, IEC, RCMC. Facebook: https://www.facebook.com/eximbuddy Instagram: https://www.instagram.com/eximbuddy.guide/ Youtube: https://www.youtube.com/channel/UCNsZB_bVzn6c9KUcA2BY9jQ Please do Like, Comment, Share & Subscribe to our channel to know in and out of the export & import business. #GST #PAN #IEC #spices #cinnamon #saffron #coriander #cardamom #cloves #cuminseeds #fennelseeds #ajwain #InternationalRelation #Employment #Export #Import #Business #Worldwide #India #RoDTEP #TMA #DutyDrawback #FIEO #APEDA #SpicesBoard |
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