Xiaomi India Gets Notices From Enforcement Directorate For Rs 5,551 Cr FEMA `Violations`
Saturday, 10 June 2023
The ED had earlier seized funds worth Rs 5,551.27 crore of Xiaomi Technology India Private Limited lying in its bank accounts under the FEMA for the "unauthorised" remittance of this amount in guise of royalty abroad by the company.
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