Customs 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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CBIC Launches Scrutiny Into 50,000 GST Filings, Proposes Quarterly Scrutiny
Central Board of Indirect Taxes and Customs (CBIC) has proposed mandatory scrutiny of Goods and Service Tax (GST) returns on a quarterly basis
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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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High Court Stays Warrant For Sushmita Sen's Appearance In Car Import Case
The Madras High Court has stayed a warrant issued by a lower court in Mumbai against Bollywood actress Sushmita Sen in connection with the import of a luxury car in an alleged violation of provisions of foreign trade policy.
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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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Excise Board to Set Up Directorate of Taxpayer Services
Seeking to improve its image as a customer-friendly organisation, the Central Board of Excise and Customs (CBEC) has decided to set up a dedicated wing to have a better connect with taxpayers.
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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
-
CBIC Launches Scrutiny Into 50,000 GST Filings, Proposes Quarterly Scrutiny
Central Board of Indirect Taxes and Customs (CBIC) has proposed mandatory scrutiny of Goods and Service Tax (GST) returns on a quarterly basis
-
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.
-
High Court Stays Warrant For Sushmita Sen's Appearance In Car Import Case
The Madras High Court has stayed a warrant issued by a lower court in Mumbai against Bollywood actress Sushmita Sen in connection with the import of a luxury car in an alleged violation of provisions of foreign trade policy.
-
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.
-
Excise Board to Set Up Directorate of Taxpayer Services
Seeking to improve its image as a customer-friendly organisation, the Central Board of Excise and Customs (CBEC) has decided to set up a dedicated wing to have a better connect with taxpayers.
