The revenue intelligence division of the finance ministry has stopped the export of 27,000 Vivo phones from India valued $15 million.
Bloomberg reports that the Chinese smartphone manufacturer has been prohibited from exporting products from India to surrounding markets after the finance ministry accused it of misrepresenting the models and their values. “Unilateral and ridiculous” is how the India Cellular and Electronics Association (ICEA) described the government agency’s conduct. Vivo and India are currently at odds because of increasing government inspection of more than 46 Chinese businesses.
