With the Income Tax department conducting searches at several premises of Chinese mobile companies across the nation, smartphone brand OPPO said it will continue to cooperate with authorities as per procedure.
According to sources, the smartphone companies were allegedly violating rules and norms to evade taxes and were on the radar of several probe agencies, including the I-T department. In a statement, OPPO said that as an invested partner in India, “We highly respect and abide by the law of the land”.
“We will continue to fully cooperate with authorities concerned as per procedure,” the company added.
Earlier, some Chinese firms which were allegedly running mobile loan application and transport business, were raided by the agencies.. According to sources, several teams were formed by the I-T department to conduct searches which started around 9 am on Wednesday, and were likely to continue till late in the day.
Reliable sources said that in the case of Xiaomi, routine IT procedure was being carried on, and there was no I-T raid at its premises or its distributors’ places. According to an official, basically the manufacturing units were being raided along with a few corporate houses.
“Few teams also raided the godowns of the Chinese mobile companies. The officials have recovered incriminating documents,” said the source. The raids took place at the offices of state-distribution partners of OPPO, including in Hyderabad, the source added.