Xiaomi Appeals Supreme Court Over 72 Million Tariff Demand on Royalties

Xiaomi has appealed to the Supreme Court of India against a tribunal ruling that imposed a 72 million tariff demand, including royalty payments in the assessable value of imported goods. The dispute involves Xiaomi and its former contract manufacturers, challenging the inclusion of royalties paid to foreign firms like Qualcomm. The Supreme Court has issued notice to the customs department, with the case raising concerns about contract manufacturing practices and potential impacts on foreign investment in India.