<span style="color: #222222;">The Directorate of Revenue Intelligence has detected Customs duty evasion of around two thousand 217 crore rupees by Vivo Mobile India Private Limited. Vivo India is a subsidiary company of Vivo Communication Technology Company in China. It is engaged in the business of manufacturing, assembling, wholesale trading as well as distributing mobile handsets and accessories.<br />''<br />''During the investigation, searches were conducted by the agency at the factory premises of the company, which led to the recovery of incriminating evidence. Finance Ministry said, this indicates wilful mis-declaration in the description of certain items imported for use in the manufacture of mobile phones. A sum of 60 crore rupees has been voluntarily deposited by Vivo India, towards the discharge of their differential duty liability.</span><br />
News On AIR | August 3, 2022 6:46 PM
DRI detects customs duty evasion of 2,217 crore rupees by Vivo Mobile