India report: Xiaomi India paid Rs 46.63 crore to Qualcomm as royalty remittance Judge to deliberate for the second time on 23rd:- www.deekpay.com

HEADLINE: Xiaomi India paid Rs 46.63 crore to Qualcomm as royalty remittance, judge to consider it for second time on 23rd, India reports

Recently, according to Indian media reports, Chinese smartphone maker Xiaomi India has paid 46.63 million rupees (about $5.8 million) as a royalty remittance to U.S. chip maker Qualcomm. The incident has attracted widespread attention, and on the 23rd, an Indian judge will consider the case for the second time.

The royalty payment stems from a patent licence agreement between Xiaomi India and Qualcomm. Under the agreement, Xiaomi India is required to pay a certain percentage of royalties to Qualcomm. However, in recent years, Xiaomi India's rapid development in the Indian market has attracted the attention of local competitors. Some competitors questioned whether Xiaomi India patent infringement, and asked the Indian government to investigate.

Last year, India's Enforcement Directorate (ED) launched an investigation into Xiaomi India for allegedly violating India's foreign exchange management laws.The ED concluded that Xiaomi India may have transferred funds to Qualcomm by paying high royalties. This behaviour allegedly violated the provisions of the Indian Foreign Exchange Management Act and harmed India's economic interests.

In the face of the allegations, Xiaomi India has vehemently denied any violation of the law. The company said that the royalties paid to Qualcomm are legal and in line with the patent licence agreement signed between the two parties. In addition, Xiaomi India also stressed that the company has always complied with Indian laws and regulations, and is committed to providing quality products and services to Indian consumers.

Qualcomm has also taken a stand in favour of Xiaomi India in this royalty payment case. Qualcomm said that the royalties paid by Xiaomi India are legitimate, and the relationship between the two sides has been very good. Qualcomm also said that it will continue to cooperate with Xiaomi India to jointly promote the development of the Indian smartphone market.

On the 23rd, the case will be considered for the second time by the Indian judges. At that time, the judge will hear both sides and make a fair decision. The deliberations will be crucial for Xiaomi India, which could face a hefty fine if it is found to have violated the law, even affecting its business development in the Indian market.

In short, the incident of Xiaomi India paying Rs 46.63 crore royalty remittance to Qualcomm has triggered a lot of attention in the Indian market. In the deliberation on the 23rd, the judge will make a fair judgement based on facts and law. This incident also reminds China's enterprises to strictly abide by local laws and regulations in the process of development in overseas markets to ensure compliance.