New Delhi (06.01.2022): The Directorate of Revenue Intelligence (DRI) has issued three show-cause notices to Chinese smartphone maker Xiaomi India for recovery of duty amounting to Rs 653 crore for the period April 1, 2017, to June 30, 2020, under the provisions of the customs act, 1962.“Based upon an intelligence tip that Xiaomi India Private Limited was evading customs duty by way of underevaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India,” according to a Press Information Bureau statement. During the investigation, searches were conducted by the anti-smuggling agency at the premises of Xiaomi India, which led to the recovery of incriminating documents.
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DRI detects Rs 653 crore customs duty evasion
By IndianMandarins - 2022-01-06 22:39:00
New Delhi (06.01.2022): The Directorate of Revenue Intelligence (DRI) has issued three show-cause notices to Chinese smartphone maker Xiaomi India for recovery of duty amounting to Rs 653 crore for the period April 1, 2017, to June 30, 2020, under the provisions of the customs act, 1962.
“Based upon an intelligence tip that Xiaomi India Private Limited was evading customs duty by way of underevaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India,” according to a Press Information Bureau statement. During the investigation, searches were conducted by the anti-smuggling agency at the premises of Xiaomi India, which led to the recovery of incriminating documents.
