CORPORATE

Oppo India denies DRI’s charges of Rs 4,389-crore Customs Duty evasion

Chinese phone-maker Oppo’s India unit on Wednesday said that it had a “'different view” on the charges mentioned in the show-cause notice (SCN) sent by the Directorate of Revenue Intelligence (DRI) and would take appropriate steps, including legal remedies. 

“We have a different view on the charges mentioned in the SCN. We believe it’s an industry-wide issue many corporates (sic) are working on. Oppo India is reviewing the SCN received from DRI, and we are going to reply to the notice, presenting our side, and will be working further with the related government departments,” the company said in a statement. 

An SCN had been slapped by the Finance Ministry on Oppo India on July 8 after the recovery of documents during searches on its premises that indicated wilful misdeclaration in the description of some imports and remittance of royalty and licence fees to various MNCs, including those based in China. 

During an investigation of Oppo Mobiles India, a subsidiary of Guangdong Oppo Mobile Telecommunications Corporation, the Directorate of Revenue Intelligence (DRI) had detected Customs Duty evasion of around Rs 4,389 crore, the ministry had said in a statement. 

In response, the company also added: “Oppo India is a responsible corporate and believes in the prudent corporate governance framework. Oppo India will take appropriate steps as may be needed in this regard, including any remedies provided under the law.” 

Oppo India is engaged in the business of manufacturing, assembling, wholesale trading, distribution of mobile handsets and accessories. It deals in various brands of mobile phones, including Oppo, OnePlus and Realme. 

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