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The competent authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA) on Friday confirmed the seizure order of ₹5,551.27 crores by Enforcement Directorate against Xiaomi Technology India Private Limited, ED said in a press release
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as the Enforcement Directorate (ED)and tax authorities investigate its business practices.
The Enforcement Directorate today denied reported allegations by Xiaomi India that the probe agency coerced its officials to give statements in an alleged illegal remittances case.