Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

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

After China's Vivo and Oppo, Indian phone makers have also come under the government's scrutiny. India mobile phone manufacturers such as Micromax, Lava, and Karbonn have been served notices by the Customs department over duty evasion on import of display assembly panels, a report by The Financial Express stated.
 
These phone makers have raised a total tax bill of nearly Rs 20,000 crore, which has been levied from 2017, also known as retrospective tax, industry people told FE.
 
The tax notices come over the import of display assembly panel by phonemakers, industry sources told the newspaper.

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