3 notices issued to Xiaomi India to recover evaded custom duty of Rs 653 crore
India Today
The Directorate of Revenue Intelligence has found that Xiaomi India evaded custom duty to the tune of Rs 653 crore over three years. The DRI has issued three show cause notices to the company to recover the amount.
After the Income Tax department conducted searches on Chinese mobile companies operating in India, the Directorate of Revenue Intelligence (DRI) found that Xiaomi Technology India Private Limited has evaded custom duty to the tune of Rs 653 crore over three years, officials said. The DRI has issued three show cause notices to the company in order to recover the amount.
According to officials, the investigation by the DRI was initiated based on an intelligence input that Xiaomi India was evading customs duty by way of undervaluation. The probe was conducted against Xiaomi India as well as its contract manufacturers.
