Tuesday, July 31, 2018

Violation of FDI policy regulation is covered by penal provision of FEMA, 1999: MoC

The Ministry of Commerce has specified that there is no proposal to set up a special group to keep tabs on any violation of foreign policy by online retail platforms such as amazon, Flipkart and Myntra. However, any violation of Foreign Direct Investment policy regulation is covered by the penal provision of the FEMA, 1999.

from taxmann.com News https://ift.tt/2K9Ujul

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