Freedom 251 Mobile price as just Rs. 251 puts Ringing Bells under Income Tax Department Scanner
Company Ringing Bells set the mobile price at just Rs. 251 of Freedom 251 Mobile and took the entire country by storm, Mr. Mohit Kumar Goel-led company has come under the scanner of excise and Income Tax Departments over how it has managed to offer a smartphone as cheap as this and also the actual feasibility of the entire deal. Since, The government says the smartphone should have price at its world cheapest at Rs. 2,300 and also the company has said the mobile phone’s should cost is around Rs. 2,500, the debate rages as to what is going to happen next and some are already referring to it as the Freedom 251 Mobile scam. Hope, the Income Tax Department will manage to clear the air.
According to Freedom 251 Mobile, the Income Tax Department is looking into the financial structure of the Noida-based company “Ringing Bells” and they have obtained docs, including those from the Registrar of Companies “RoC”, in this regard.
Freedom 251 Mobile: The Ringing Bells President Mr. Ashok Chaddha said in a statement “Yes, there was a visit from excise department and Income Tax Department. Since we are planning to achieve milestones under Make in India, Skill India and Startup India. They issued us some guidelines for future and extended full support and cooperation,” .Also under scanner would be exactly how much of truth there is in the company’s promise of this mobile phone being a ‘Make In India’ product. The Freedom 251 actual component rate has not been explained.
Earlier last week, Freedom 251 Launched by Ringing Bells the world’s cheapest smartphone mobile only at priced Rs 251 amid fanfare – while the company had said Defence Minister Manohar Parrikar would do the honors at the launch, it was actually senior Bharatiya Janata Party (BJP) leader M M Joshi who actually did it.
From government scanner, world’s cheapest smartphone mobile launching celebrations of the Freedom 251 Mobile haven’t lasted long as Ringing Bells found itself surrounded by another controversy too of showcasing a rival company, such as Adcom’s handset, as its own. Mr. Ashok Chaddha that’s clarified it wanted to show a sample or prototype of what the handsets will look like. It is not a final piece.
Mr. Ashok Chaddha president of Ringing Bells rushed to reassure those people who have already book the Freedom 251 Mobile phone (according to Ringing Bells it has received over 5 Crore registrations) and he said, “In view of the shortage of time and given that these were to serve only as prototypes given FOC to a limited list of persons, we went ahead. That they would clearly mention that the Final Freedom 251 Mobile manufactured/assembled in India would be to identical specs.
Telecom Minister has sought a clarification from Ringing Bells for marketing its “Freedom 251 Mobile” phone without a BIS (Bureau of Indian Standards) certification and has also asked the Uttar Pradesh government to check the firm’s credentials of Ringing Bells Company of Noida Based. The company said it received 3.70 crore registration on Day 1 and 2.47 registration on Day 2.