India demands Xiaomi pay $88 million in import taxes · TechNode

India demands Xiaomi pay  million in import taxes · TechNode

The finance ministry of India has demanded Xiaomi pay INR 6.53 ($88 million) in import taxes that the Chinese tech company allegedly owes. Xiaomi’s Indian arm has evaded customs duties by not adding some royalty and license fees into transaction values between Apr. 1, 2017 and Jun. 30, 2020, a statement from the Indian government claimed. The Beijing-based smartphone manufacturer said in a Wednesday response that it has yet to agree with the Indian authorities, adding that the issue is caused by a disagreement on the methodology used to determine the price for imported goods. [CNBC]



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