Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
'One out of three phones sold in India is a Xiaomi phone.'
Mumbai Indians have steamrolled Capitals in their previous three meetings during the season, winning the first leg by five wickets, return leg by nine wickets and the first qualifier by 57 runs.
This programme will offer Xiaomi phone users up to 70 per cent of the value on their old device when they upgrade to newer Redmi or Mi smartphones.
In order to shrug off its budget phone manufacturer's image, Xiaomi has attempted to give the Mi 5 not only a slicker,stylish look but also top-end hardware than its other devices.
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