New Delhi. After Chinese mobile company Xiaomi and Vivo, now Oppo has also joined the money laundering companies. OPPO has been accused of evasion of custom duty worth Rs 4389 crore. This mobile company does a large scale business of manufacturing, assembling, wholesale trading, mobile handset distribution and accessories in India. OPPO is a subsidiary of China’s Guangdong OPPO Mobile Telecommunication Corporation Limited. This company is associated with many mobile phone brands like Oppo, OnePlus and Realme. According to the Union Finance Ministry, “Investigations and searches conducted by the DRI at the office of OPPO and at the residence of some key management executives, the agency found that OPPO India has given false information about the import of certain items of mobile manufacturing, due to which The company has got duty exemption of Rs 2981 crore. He further added that during the investigation senior management employees and domestic suppliers were also questioned.
The investigation also revealed that Oppo India has paid royalty to many multinational companies as well. Some of these companies are present in China. The royalty and license fees paid by the company are not disclosed in the transaction value at the time of importing the goods. In such a situation, it is being said that the company has violated section 14 of the Custom Act, 1962. In this way the company has saved the alleged duty of Rs.1408 crore.
Apart from this, OPPO has also deposited a voluntary deposit of Rs 450 crore. After investigation, a show cause notice has been issued to Oppo India in respect of custom duty of Rs 4389 crore, under which fine has also been imposed on Oppo India, its employees and Oppo China.
