Xiaomi India Slapped With Rs. 653 Crore Notice for Alleged Tax Evasion

Xiaomi India Slapped With Rs. 653 Crore Notice for Alleged Tax Evasion

Chinese smartphone maker Xiaomi evaded custom duty to the tune of Rs. 653 crore in India, Finance Ministry said on Wednesday. Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India and its contract manufacturers. “After completion […]

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