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NEW DELHI (Reuters) – India said on Wednesday that Xiaomi (OTC 🙂 had asked Chinese local smartphone giant to pay Rs 6.5 billion (87.80 million) in import duties after an investigation found that the company had evaded certain obligations.
A study by India’s Intelligence Management showed that Xiaomi India Qualcomm (NASDAQ 🙂 to the US and Beijing Xiaomi Mobile Software Co., Ltd. had not been added to China’s payment of royalties and licensing fees to the company and its contract manufacturers. in import value. , the government said in a statement.
Unless the queen and license fee were added to the “transaction value”, Xiaomi India was avoiding customs duties by being the beneficial owner of the imported mobile phones, their parts and components, “the statement said.
Three warnings have been issued to Xiaomi from April 2017 to June 2020 to pay Rs 6,530 billion in tax and demand.
“At Xiaomi India, we attach the utmost importance to ensuring that we comply with all Indian laws. We are currently reviewing the notification in detail. As a responsible company, we will assist the authorities with all necessary documentation,” a company spokesman said.
($ 1 = 74,3710 Indian rupee)
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