The department recovered some docuemnts from its premises which indicated remittance of royalty and licence fee to Qualcomm USA and to Beijing Xiaomi Mobile Software Co under contractual obligation Following an intensive raid by the Income Tax department, Chinese electronics giant Xiaomi has been fined a Rs 653 crore notice for alleged evasion of import … Continue reading IT Raids: Xiaomi India Fined Rs 653 Crore By DRI For Evasion of Custom Duty