Poket News

Xiaomi evaded customs duty of Rs 653 crore

 

  • The Finance Ministry has said that gadget manufacturer Xiaomi Technology India Private Limited has evaded customs duty of 653 crore rupees. 
  • An investigation was initiated by the Directorate of Revenue Intelligence against Xiaomi India and its contract manufacturers. 
  • Searches were conducted at the premises of Xiaomi India, which led to the recovery of incriminating documents indicating that Xiaomi India was remitting royalty and licence fee to Qualcomm USA and to Beijing Xiaomi Mobile Software Co. Ltd. under contractual obligation.