Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Enforcement Directorate has seized more than 5,500 crores from Xiaomi India. Xiaomi India is the subsidiary of the Chinese smartphone company Xiaomi. The brand has been accused of making illegal remittances to foreign entities and then showing them as royalty payments.
The enforcement directorate has been probing various tech companies for forex violations.
Xiaomi India said, “We have studied the order from government authorities carefully. We believe our royalty payments and statements to the bank are all legit and truthful, ” The brand further stated that they are committed to India and shall always comply with laws and regulations.
ED seizes Rs 5,500 cr of Xiaomi India for FEMA violations
Reading and learning have become a more immersive experience in the era of visually enriched digital e-books.
Carry an entire library of amazing topics in one device, making reading on-the-go easy as well as hassle-free!
Up-to-date, relevant content material that makes you familiar with the ongoing trend in the world of law, tax, and startups.
9870310368 
8860712800