Three Chinese mobile makers under Indian Government scanner — a perfect storm for them


Source: indianeconomicobserver.com indianeconomicobserver.com

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New Delhi [India], August 4 : It's a perfect storm for Chinese mobile manufacturing companies operating in India. The Indian government is looking into cases of alleged tax evasion by three major Chinese mobile companies -- Oppo, Vivo India and Xiaomi -- and notices have been issued to them, respectively. The cases slapped against these companies range from allegations in what the government termed as income tax evasion and customs violations to fraud and money laundering. Union Finance Minister Nirmala Sitharaman on Tuesday informed the Upper House of the Parliament that the Department of Revenue Intelligence (DRI) issued notice to...