Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsIndia

Vivo’s phones held by DRI over suspected violations released

The government agency passed the order to release the smartphones a day after Bloomberg News reported that the devices were being withheld for inspection. It wasn’t immediately clear if the revenue intelligence unit will be pressing charges against Vivo.

December 09, 2022 / 02:31 PM IST
Vivo

Vivo

The Directorate of Revenue Intelligence or DRI has released nearly 27,000 Vivo Mobile Communications Co. smartphones for export after withholding the shipment for more than a week over alleged rule violations.

Finance Ministry’s revenue intelligence unit late on Wednesday allowed the Chinese company to collect the devices it was holding at the New Delhi Airport over an alleged mis-declaration of phone models and their value, people familiar with the matter said, asking not to be named discussing a sensitive matter. Vivo had sought to export the devices to neighboring markets.

The government agency passed the order to release the smartphones a day after Bloomberg News reported that the devices were being withheld for inspection. It wasn’t immediately clear if the revenue intelligence unit will be pressing charges against Vivo.

The shipment, worth nearly $15 million, is unlikely to be exported as the packaging of many of the phones was damaged and the devices were switched on to check unique ID numbers, the people said.