India stalls export of 27K Vivo phones worth $15 Mn over alleged ‘misdeclaration’
Image Credit: NDTV
The revenue intelligence arm of the finance ministry has stalled the export of 27,000 Vivo phones from India worth $15 Mn. According to a Bloomberg report, the finance ministry has alleged misdeclaration of the device models and their value and thus, has stopped the Chinese smartphone maker from shipping the devices from India to neighbouring markets.