Xiaomi Forex Violation
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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India Accuses Xiaomi Of Forex Violations In Latest China Clash
India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.
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Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe Agency
The company started its operations in India in 2014 and started remitting the money in 2015. It has so far remitted foreign currency equivalent to Rs 5,551.27 crore to three foreign-based entities.
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
-
India Accuses Xiaomi Of Forex Violations In Latest China Clash
India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.
-
Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe Agency
The company started its operations in India in 2014 and started remitting the money in 2015. It has so far remitted foreign currency equivalent to Rs 5,551.27 crore to three foreign-based entities.
