Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said on Wednesday. The Chinese company deals in mobile brands -- Oppo, OnePlus and Realme. During an investigation of Oppo Mobiles India Private Limited, a subsidiary of Guangdong Oppo Mobile Telecommunications Corporation Ltd - China (Oppo China), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore.
Mobile manufacturing company OPPO, on Tuesday, became the new sponsor of the Indian cricket team, replacing broadcasting giants Star India.
The move, however, is unlikely to prompt its rivals in India - Chinese manufacturers like Oppo, Vivo, and Xiaomi - to do the same.
Young consumers said that Oppo's constant focus on camera prowess and its long-lasting batteries remained at the top of their mind
Investors expect more investment-friendly policies opening up more sectors for foreign direct investment
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