China Smartphone Maker Oppo Evaded $551m in Tax, Says India

July 13, 2022 The tech firm wrongfully used duty exemptions for items imported for use in mobile phone production, said India’s Directorate of Revenue Intelligence Chinese smartphone manufacturer Oppo evaded $551 million worth of Indian customs duty, a government statement said on Wednesday. A probe by India’s Directorate of Revenue Intelligence found that the smartphone maker wrongfully…

Stiff compliance, flash sale ban in draft norms for e-commerce firms

22 June 2021 – Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies The Centre is planning fresh guidelines for e-commerce companies, including appointment of a chief compliance officer, giving preference to the sale of locally produced goods, mandatory registration of e-tailers with Department for Promotion of Industry and Internal Trade (DPIIT),…

India-European Union FTA: Talks to restart soon on realistic note

14 June 2021 – The EU, together with the UK, was India’s largest vacation spot (as a bloc) in FY20, with a 17% share within the nation’s general exports. Importantly, the UK accounted for 16% of India’s $53.7-billion exports to the EU in FY20. As India and the European Union (EU) put together to resume…

Indian Customs Officials Seize PS5s, IPhones, Laptops And More Worth Rs 2.5 Crore

08 June 2021 – Indian customs officials at the Delhi Airports seized an impressive haul of electronics goods and other miscellaneous items a few days ago. Among the items confiscated were 10 Sony PS5 consoles (review), 173 used laptops and 222 Apple iPhones. It also included lots of food supplements and cosmetics too, but we…

Indian port shutdowns may affect shipments of emergency items

13 May 2021 – Some Indian ports are feared to face shutdowns during the country’s devastating wave of COVID-19 cases, including major ports handling shipments from China. Chinese logistics companies worry that the suspended operations might cause further delays in shipments of emergency medical equipment and cargo. Chennai port has significantly reduced its operations, the…

India blocks China-made wireless device imports: Report

7 May 2021 – India has blocked imports of China-made bluetooth speakers, wireless earphones, smartphones and more: Reuters. India has held up approvals for import of wifi modules from China for months, driving companies such as United States-based computer makers Dell and HP and China’s Xiaomi, Oppo, Vivo and Lenovo to delay product launches in…

‘Consignment not pending,’ says CBIC on reports of oxygen concentrators awaiting Customs’ clearance

6 May 2021 – The Central Board of Indirect Taxes and Customs (CBIC) mentioned that it is in fact expediting all consignments and this news is factually incorrect and has no basis Amid reports that a consignment of oxygen concentrators is awaiting clearance from the Customs authorities, the Central Board of Indirect Taxes and Customs…

Ease in customs clearance of medical equipment to allow faster delivery: Logistics companies

3 May 2021 – MUMBAI The Central Board of Indirect Taxes and Customs, through a notification, recently provided clarity besides further simplifying procedures for clearances of certain items. The recent steps taken by the CBIC for customs clearance of emergency medical equipment will help logistics companies in faster delivery of the consignments amid a huge…