The Court also directed that the petitioner to furnish statements of accounts of all the bank accounts forming the subject matter of the freezing order every 48 hours to the ED
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Delhi HC granted permission to 14 entities, which the ED claims are connected to Vivo, to operate their frozen bank accounts subject to maintaining the balance as on date of agency's search.
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'DRI officers recovered incriminating evidence indicating wilful mis-declaration in the description of certain items imported by M/s Vivo India,' says Ministry of Finance
The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, FM Nirmala Sitharaman informed Rajya Sabha
Vivo T1x will be made available for purchase tomorrow from 12 pm onwards. Apart from Flipkart, the smartphone can also be purchased from Vivo's official website
The ED has mentioned that Vivo India incorporated 22 firms in different states which allegedly laundered money. The Delhi-based CA firm helped Vivo India in integrating 22 firms.
The ED has told Delhi High Court through an affidavit that Vivo India indulged in money laundering to destabilise the financial system and challenge the integrity and sovereignty of the country
Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme
The phone manufacturer had said the account freeze would hamper its ability to pay for its liabilities, such as taxes and employee salaries
If the Indian legislation system really fails them, it will be a huge loss to both sides, according to an opinion piece in Global Times.
Oppo India, the Indian subsidiary of a Chinese firm, deals in various brands of mobile phones, including Oppo, OnePlus and Realme
Vivo can operate its bank accounts to the extent that a balance of Rs 250 crore is maintained in its accounts at all times, the court said
Inmobi's Glance, which is present in India, Indonesia and parts of Southeast Asia, is focussing heavily on expansion in existing as well as new markets
ED's money-laundering probe into Vivo revealed the company, to avoid paying taxes in India, remitted about Rs 62,476 crore of its turnover to China between 2017 and 2021
The Delhi HC on Friday directed the Enforcement Directorate (ED) to take a decision on Chinese smartphone manufacturer Vivo's representation seeking permission to operate its frozen bank accounts.
TCS' net profit grew 5.2 per cent year on year, and 2.5 per cent sequentially to Rs 9,478 crore in Q1FY23, but missed estimate of Rs 9,850 crore