A scooterist rides past a shopping complex with the billboard of Chinese smartphone maker Vivo in Ahmedabad, India, on December 14, 2018. Photo: Reuters
Chinese telecoms giant Vivo Mobile has been accused by an Indian government agency of evading taxes worth $280 million.
The tax evasion allegation is India’s second this week against a Chinese phone-maker.
India’s Directorate of Revenue Intelligence (DRI) said it had detected customs duty evasion, following which it has issued a show cause notice to Vivo India, it said in a statement.
A show cause notice is a formal demand on an accused party to justify themselves.
Also on AF: China Hits Taiwan With Economic Sanctions as Pelosi Visits
The DRI’s investigation led to the finding of “incriminating evidence indicating wilful mis-declaration in the description of certain items imported,” the statement said.
Vivo India did not immediately respond to a Reuters request for comment.
Last month, Reuters reported India’s financial crime-fighting agency, the Enforcement Directorate, raided Vivo.
On Tuesday, the DRI issued a show-cause notice to Oppo, another Chinese phone-maker, demanding duty of 44 billion Indian rupees ($556.57 million).
Read more:
China’s Vivo Hid Evidence, Not Cooperating, Says India
Chinese Smartphone Maker Vivo’s India Office Raided
Officials from some of the world's biggest cities are in Washington to lobby for better…
China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut…
Chinese companies invested in included the Aviation Industry Corp of China, a defence conglomerate that…
US tech giant said Beijing ordered it to cut the messaging apps because of national…
Israel’s missile attack on Iran sent investors heading for safe-haven currencies, gold and crude oil
Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year,…