I-T dept. conducts raids on premises linked to Chinese mobile firms

Income Tax I-T Department is currently conducting raids on several premises linked to Chinese mobile companies in India, like Oppo, Xiaomi, among others.

According to sources, I-T officials began searching on the firms on Wednesday morning when they came across several alleged violations by the firms. The sources said that searches are underway at several manufacturing units, godowns and corporate offices of Chinese mobile companies like Xiaomi and Oppo. Raids have been conducted in properties related to Oppo in Tamil Nadu, including its office in Perungudi and a manufacturing unit for mobile parts in Kancheepuram.

This is not the first time that Chinese firms and their premises are being raided this year. In August, Chinese telecom equipment manufacturer ZTE's office in Gurugram was raided and its India chief was questioned by the I-T department. Several tax violations were found by the officials during the investigation, according to sources.

Several Chinese firms that are involved in mobile, loan applications, and transport business have been raided by central investigative agencies in the past.

As an invested partner in India, we respect and abide by the law of the land. Oppo told Business Today that we will continue to cooperate with authorities as per procedure.

In has also sought comments from Xiaomi on the raids.