Xiaomi India Execs And Banks Issued Notice By ED Over Rs 5,551 Crore FEMA Violations - News Time

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Monday 12 June 2023

Xiaomi India Execs And Banks Issued Notice By ED Over Rs 5,551 Crore FEMA Violations

A show-cause notice is issued after the completion of a FEMA probe and once it is settled, the accused may have to pay a penalty that could be three times the amount contravened.

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