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'DRI officers recovered incriminating evidence indicating wilful mis-declaration in the description of certain items imported by M/s Vivo India,' says Ministry of Finance
The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, FM Nirmala Sitharaman informed Rajya Sabha
Vivo T1x will be made available for purchase tomorrow from 12 pm onwards. Apart from Flipkart, the smartphone can also be purchased from Vivo's official website
The ED has mentioned that Vivo India incorporated 22 firms in different states which allegedly laundered money. The Delhi-based CA firm helped Vivo India in integrating 22 firms.
The ED has told Delhi High Court through an affidavit that Vivo India indulged in money laundering to destabilise the financial system and challenge the integrity and sovereignty of the country
Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme
The phone manufacturer had said the account freeze would hamper its ability to pay for its liabilities, such as taxes and employee salaries
Oppo India, the Indian subsidiary of a Chinese firm, deals in various brands of mobile phones, including Oppo, OnePlus and Realme
If the Indian legislation system really fails them, it will be a huge loss to both sides, according to an opinion piece in Global Times.
Vivo can operate its bank accounts to the extent that a balance of Rs 250 crore is maintained in its accounts at all times, the court said
Inmobi's Glance, which is present in India, Indonesia and parts of Southeast Asia, is focussing heavily on expansion in existing as well as new markets
ED's money-laundering probe into Vivo revealed the company, to avoid paying taxes in India, remitted about Rs 62,476 crore of its turnover to China between 2017 and 2021
Vivo India's share jumped from 10% in 2017 to 15% in 2021; sister concern Realme's quadrupled in last 4 years
The Delhi HC on Friday directed the Enforcement Directorate (ED) to take a decision on Chinese smartphone manufacturer Vivo's representation seeking permission to operate its frozen bank accounts.
TCS' net profit grew 5.2 per cent year on year, and 2.5 per cent sequentially to Rs 9,478 crore in Q1FY23, but missed estimate of Rs 9,850 crore
Vivo said the orders against it are in stark contravention to the mandate of Section 17 of the PMLA, as the same do not entail any reasons for freezing
The Delhi High Court on Friday allowed the urgent listing of a plea by Chinese smartphone maker Vivo against the freezing of its bank accounts in connection with a money-laundering probe by the ED
The government's new levies could help balance the Budget and leave room for more money to be spent on infrastructure like roads. Read more on this in our top headlines
The Ministry of External Affairs (MEA) on Thursday said the companies that operate in India need to follow the law of the land