Quick Summary
During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as M/s Vivo India), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a subsidiary company of M/s Vivo Communication Techn
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Directorate of Revenue Intelligence (DRI) has detected customs duty evasion amounting to approximately Rs 2,217 crore.
The investigation pertains to M/s Vivo Mobile India Private Limited.
Vivo India allegedly engaged in wilful mis-declaration in the description of certain imported items, leading to the wrongful availment of ineligible duty exemption benefits.
The DRI has issued a Show Cause Notice to M/s Vivo India demanding the payment of Rs 2,217 crore in customs duty.
Yes, M/s Vivo India has voluntarily deposited Rs 60 crore towards their differential duty liability.
Yes, recently the DRI issued Show Cause Notices demanding duty of Rs 4,403.88 crore to M/s Oppo Mobiles India Private Limited.
CAclubindia
