Oppo tax evasion case

Oppo tax evasion case

Subject: Polity

Section: National body

Investigation has also revealed that Oppo India remitted and made provisions for payment of ‘Royalty’ and ‘Licence Fee’ to various multinational companies, including those based in China, in lieu of use of proprietary technology, brand, IPR licence and so on. However, the said ‘Royalty’ and ‘Licence Fees’ paid by Oppo India were not being added in the transaction value of the goods imported by them. This was a violation of Section 14 of the Customs Act, 1962, and the alleged duty evasion by Oppo India on this account was ₹1,408 crore

DRI

• The Directorate of Revenue Intelligence (DRI) is the premier intelligence and enforcement agency of the Government of India on anti-smuggling matters.
• The Directorate is run by officers from the Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, who are posted in its various Zonal Units as well as in Indian embassies abroad as part of the Customs Overseas Intelligence Network.
• It is headed by a Director General of the rank of Special Secretary to the Government of India.
• The Agency works to secure India’s national and economic security by preventing the outright smuggling of contraband such as firearms, gold, narcotics, Fake Indian Currency notes, antiques, wildlife and environmental products.
  • Moreover, it also works to prevent the proliferation of black money, trade based money laundering and commercial frauds.
• The DRI has also been designated as the lead agency for Anti-Smuggling National Coordination Centre (SCord).