Indiano governor blames smart phone cinema, information about tra cui main products Xiaomi, vivo and OPPO, di aver evaso le tariffe e di non-versato miliardi di rupie in India negli ultimi anni. Indian authority finance can only compensate one piccola parte dell’evasione of society’s total financial escape, about 80 billion rupees (about 870 million euro).

Indian government accuses Xiaomi, Vivo and OPPO of financial smuggling

According to CNBC’s reports, the Ministry of Finance of India informed the Parliament of India on July 21, local time. Exploring various normative gaps for community seeking, improvisation and escape from nature, and mercii tassa and sui service (GST) application and product importation. The finance ministry also identified a total of 13 cases of GST smuggling on behalf of these companies from July 2017 to June 2023.

Including Tra le società, Xiaomi is filing a criminal complaint against the accusations. In a written response to the Indian court, the Indian government announced that Xiaomi’s total financial smuggling in 2019-2020 was 6.53 billion rupees, its total financial smuggling in 2020-2021 was 239.9 million rupees, and its total financial smuggling in 2022-2023 was 4.61 billion rupees. In addition, Xiaomi only paid a small portion of interest and fines due to financial smuggling.

Moreover OPPO and live Sono stati saved a house and a few coins for a few billion rupees. Valuable information from OPPO Mobile Pvt Ltd. cost Rs 4,403 crore in 2017 and 2021. Vivo India, as part of India Anti-Money Laundering Enforcement Bureau on March 5, 2022, has banned “Riciclaggio mansion prevention”. The agency froze 119 bank accounts of Vivo and its subsidiaries in India, worth around 4.65 billion rupees (about 50 million euros).

These companies are among the major Chinese mobile phone brands operating in India, along with Transsion (Itel, Tecno and Infinix), Realme and OnePlus, which manage three brands in India. In their response, the Ministry of Finance of India revealed that their cumulative turnover in India in 2021-2022 is estimated at Rs. Distribution of mobile phones is mainly managed by Indian communities, but some communities like OPPO and vivo also have some Chinese distributors.

Community cinema does not deny the accusation and does not endorse the normative fiscal policy of India. This competition has ensured the automatic pressure on the competent bodies of financial authorities in India.

For example, Xiaomi has announced that royalties paid to all foreign entities are used for licensed technology and intellectual property used in the Indian version of the product.. He also made a request for the cancellation of the funds blocking of 55,513 billion rupees (approximately US$ 680 million) in the bank account of his Indian subsidiary, but both were denied.

Vivo ha sostenuto che il blocko dei suoi conti bancari era injustificato To guarantee a warranty to India, you need to cancel a return block. You have declared a fisso di fisso conto conto conto suo of 2.5 billion rupees.

The accusation of financial smuggling in smartphones against Chinese society comes to light in a rivalry between India and China, sia sul pianopolitico che economic. A number of restrictions and all apps and all community cinemas were banned in India two years ago, which is the national protection motive. Ha anche promoted the local production of smartphones and other electronic products through various financial and financial incentives.

However, the Chinese smartphone community still has a strong presence in the Indian market, which is the world’s second largest market after China. According to data from research firm Counterpoint, Chinese companies accounted for 75% of smartphone shipments in India in the second quarter of 2023, with Xiaomi leading the way with a quota of 28%. Chinese society has also invested heavily in India, creating thousands of jobs and establishing research and development centres.

The outcome of the financial smuggling charges could have a significant impact on the Chinese smartphone companies’ operations and reputation in India. The potential has impacted the climate and market relevance of technology sector investments in India.