Xiaomi India has to pay a huge million amount - almost $100 million
|

Xiaomi India has to pay a huge million amount: almost $100 million

Share this:

The global mobile phone manufacturer Xiaomi has to pay a huge fee in the form of import taxes. That fee is $ 88 million. Given that the local authorities in India have requested that this be done as soon as possible. Because according to the Indian authorities, Xiaomi tried to avoid paying the tax.

Xiaomi India has to pay a huge million amount: almost $100 million

After the Indian authorities submitted their requests, we did not have to wait long for a response from the mega company Xiaomi. In response, they want to make it known that they are a serious global company that respects all Indian laws, and will soon meet all their requirements.

Xiaomi India has to pay a huge million

Allegedly, there was a problem when the Indian authorities. They noticed that Xiaomi India was paying license fees for Qualcomm USA, and for Beijing Xiaomi Mobile Software Co. Ltd. However, these fees are not added as value transactions.

So due to the fact that they did not add these fees as value transactions. In this way Xiaomi India did not pay customs duties on imported smartphones.
Xiaomi India has received three notifications, asking to pay taxes and fees in the amount of 88 million US dollars, which is approximately 6.6 billion rupees.

Share this:

Similar Posts

Leave a Reply

Your email address will not be published.

four × one =