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I-T Department conducting raids on Chinese mobile firms like Oppo, Xiaomi, others

I-T Department conducting raids on Chinese mobile firms like Oppo, Xiaomi, others

Sources said that raids are being conducted across several premises like manufacturing units, corporate offices, and godowns.

I-T officials initiated searches on the firms on Wednesday morning when they came across several alleged "violations by them” I-T officials initiated searches on the firms on Wednesday morning when they came across several alleged "violations by them”

The Income Tax (I-T) Department is currently conducting raids across several premises linked to Chinese mobile companies in India like Oppo, Xiaomi, among others.

According to sources, I-T officials initiated searches on the firms on Wednesday morning when they came across several alleged "violations by them”.

The sources added that searches are underway at several manufacturing units, godowns, and corporate offices of Chinese mobile phone companies like Xiaomi and Oppo. Raids have been conducted in properties related to Oppo in Tamil Nadu, including its office in Perungudi and a manufacturing unit for cellphone parts in Kancheepuram.

This is not the first time that Chinese firms and their premises’ are being raided this year. Earlier in August, Chinese telecom equipment manufacturer ZTE’s office in Gurugram was also raided and its India chief was also questioned by the I-T department. According to sources, several tax violations were found by the officials during the probe.

Several other Chinese firms that are involved in mobile phones, loan applications, and transport business have also been raided by central investigative agencies in the recent past.

"As an invested partner in India, we highly respect and abide by the law of the land. We will continue to fully cooperate with authorities concerned as per procedure," Oppo told Business Today.

"As a responsible company, we give paramount importance to ensuring that we are compliant with all Indian laws. As an invested partner in India, we are fully cooperating with authorities to ensure they have all the required information," the Xiaomi spokesperson said.

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Published on: Dec 22, 2021, 3:53 PM IST
Posted by: Jhinuk Sen, Dec 22, 2021, 3:49 PM IST