Customs Duty Evasion
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Oppo, Vivo, Xiaomi Found Evading Tax Worth Rs. 9,000 Crore; Rs. 1,630 Crore Recovered So Far: MoS IT
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.
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Oppo India Says Reviewing Rs. 4,389 Crore Notice, Will Take Appropriate Steps
Oppo India says it is reviewing Rs. 4,389 crore notice issued by the Directorate of Revenue Intelligence (DRI). The company was served with the show-cause notice for import duty invasion after searches on its premises by the DRI. Oppo India said it has a "different view" on the charges and will take appropriate steps, including legal remedies.
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Probe Agency Detects Rs 4,389 Crore Customs Duty Evasion By Oppo India
Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said today.
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Chinese Phone Maker Oppo Evaded Rs 4,390 Crore Customs Duty: Report
An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion Indian rupees ($551 million).
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Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
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Xiaomi India Slapped With Rs. 653-Crore Notice for Alleged Tax Evasion
Xiaomi's India unit has been slapped with a Rs. 653 crore notice for alleged evasion of import duty, as per an official statement.
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Gujarat Court Declares Nirav Modi "Proclaimed Absconder" In Customs Case
A Gujarat court today declared fugitive diamantaire Nirav Modi as a "proclaimed absconder" in a customs duty evasion case, filed in March and ordered him to appear in person on November 15. A public notification was issued earlier in the day in newspapers, and also sent to government and police departments, where Nirav Modi was declared proclaimed ...
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Nirav Modi Served Arrest Warrant For Evading Duty On Imported Diamonds
Revenue intelligence agency DRI has served an arrest warrant via email to absconding celebrity diamantaire Nirav Modi in a case of alleged customs duty evasion, officials said today.
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Court Confirms Jail Term For VK Sasikala's Husband In 23-Year-Old Case
The Madras High Court on Friday confirmed the two-year jail term awarded to M Natarajan, husband of jailed AIADMK leader V K Sasikala, for evasion of customs duty on the import of a luxury car.
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Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
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Government Revises Excise Duty Evasion Limit To Warrant Arrest
The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.
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Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
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HP India Tax Case: Customs Tribunal to Reconvene Hearing in April
The Customs Tribunal is scheduled to reconvene hearings from April 6 on $403 million (about Rs 2,500 crore at current exchange rate) alleged duty evasion case of US-based Hewlett-Packard's (HP) India unit.
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Customs Duty Evasion: Finance Ministry Proposes to Reduce Penalty
The amendment is part of the Finance Bill, 2015, which is yet to be passed by Parliament.
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DRI detects commercial fraud to the tune of over Rs 3,100 crore: report
DRI, which acts as lead agency to check smuggling and commercial fraud, has detected 694 cases of commercial fraud involving customs duty evasion of Rs 3,112 crore in the last fiscal, official sources said.
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Oppo, Vivo, Xiaomi Found Evading Tax Worth Rs. 9,000 Crore; Rs. 1,630 Crore Recovered So Far: MoS IT
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.
-
Oppo India Says Reviewing Rs. 4,389 Crore Notice, Will Take Appropriate Steps
Oppo India says it is reviewing Rs. 4,389 crore notice issued by the Directorate of Revenue Intelligence (DRI). The company was served with the show-cause notice for import duty invasion after searches on its premises by the DRI. Oppo India said it has a "different view" on the charges and will take appropriate steps, including legal remedies.
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Probe Agency Detects Rs 4,389 Crore Customs Duty Evasion By Oppo India
Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said today.
-
Chinese Phone Maker Oppo Evaded Rs 4,390 Crore Customs Duty: Report
An investigation by India's Directorate of Revenue Intelligence has found that Chinese smartphone maker Oppo evaded customs duty worth 43.9 billion Indian rupees ($551 million).
-
Shares Of Tata Steel, JSW Steel Nosedive On Bourses
Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel
-
Xiaomi India Slapped With Rs. 653-Crore Notice for Alleged Tax Evasion
Xiaomi's India unit has been slapped with a Rs. 653 crore notice for alleged evasion of import duty, as per an official statement.
-
Gujarat Court Declares Nirav Modi "Proclaimed Absconder" In Customs Case
A Gujarat court today declared fugitive diamantaire Nirav Modi as a "proclaimed absconder" in a customs duty evasion case, filed in March and ordered him to appear in person on November 15. A public notification was issued earlier in the day in newspapers, and also sent to government and police departments, where Nirav Modi was declared proclaimed ...
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Nirav Modi Served Arrest Warrant For Evading Duty On Imported Diamonds
Revenue intelligence agency DRI has served an arrest warrant via email to absconding celebrity diamantaire Nirav Modi in a case of alleged customs duty evasion, officials said today.
-
Court Confirms Jail Term For VK Sasikala's Husband In 23-Year-Old Case
The Madras High Court on Friday confirmed the two-year jail term awarded to M Natarajan, husband of jailed AIADMK leader V K Sasikala, for evasion of customs duty on the import of a luxury car.
-
Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
-
Government Revises Excise Duty Evasion Limit To Warrant Arrest
The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.
-
Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
-
HP India Tax Case: Customs Tribunal to Reconvene Hearing in April
The Customs Tribunal is scheduled to reconvene hearings from April 6 on $403 million (about Rs 2,500 crore at current exchange rate) alleged duty evasion case of US-based Hewlett-Packard's (HP) India unit.
-
Customs Duty Evasion: Finance Ministry Proposes to Reduce Penalty
The amendment is part of the Finance Bill, 2015, which is yet to be passed by Parliament.
-
DRI detects commercial fraud to the tune of over Rs 3,100 crore: report
DRI, which acts as lead agency to check smuggling and commercial fraud, has detected 694 cases of commercial fraud involving customs duty evasion of Rs 3,112 crore in the last fiscal, official sources said.
