Government has no plans to ban Chinese smartphones under Rs. 12,000: report


The government has no plans to ban the sale of Chinese smartphones below Rs. 12,000 in India, according to a new report. Citing government sources, the latest development comes days after a report released earlier this week claimed that the government was seeking to ban smartphones from Chinese brands in the price bracket of Rs. 12,000. Indian market with Xiaomi leading the Indian smartphone market in the second quarter of 2022. Meanwhile, since early August, the government is also looking into cases of alleged tax evasion by three Chinese mobile companies – Oppo, Vivo and Xiaomi.

Refuting earlier reports, a recent report by CNBC-TV18 claimed that the government has no plans to ban smartphones under Rs.12,000. The report cites government sources. The report earlier this week said the government was seeking to ban smartphones from Chinese brands in the price range of Rs. 12,000.

The report added that the move was aimed at taking the Chinese giants out of the bottom segment of the world’s second-largest mobile phone market. The move would also coincide with growing concerns over high-volume brands like Realme and Transsion undermining local manufacturers.

This news comes as Chinese smartphones continue to dominate the Indian market with Xiaomi leading the Indian smartphone market in the second quarter of 2022. Realme’s shipments also increased by 23.7% to 6.1 million units, this which helped it gain 17.5% market share while Vivo’s shipments increased 17.4% to 5.9 million units.

As a reminder, since early August, the government has also been investigating cases of alleged tax evasion by three Chinese mobile phone companies – Oppo, Vivo and Xiaomi.

β€œThe Department of Tax Intelligence (DRI) has issued a notice to Oppo, the mobile phone company, for a total customs duty of Rs. 4,389 crore, and these are based on misdeclaration of certain goods, resulting in a short payment in customs duties We believe that this customs evasion is around Rs. 2,981 crores,” Union Finance Minister Nirmala Sitharaman told Rajya Sabha earlier this month.


Tech

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button