Friday, 24 March, 2023

Vivo's local unit evaded over $280M in import taxes, says India

<p>Vivo has avoided paying nearly $280M in customs tax, according to Indian authorities. About a month has passed since a raid by the nation&#39;s anti-money laundering organization on the Chinese company&#39;s domestic operations. The Directorate of Revenue Intelligence during searches in the local branches found &quot;incriminating evidence suggesting willful misdeclaration in the description of some commodities&quot; imported by Vivo&#39;s India unit.</p>