FEMA News

ED searches Gujarat firm for alleged FEMA violations : PTI feed ...

ED searches Gujarat firm for alleged FEMA violations : PTI feed ...

New Delhi, Aug 5 (PTI) The ED today conducted multiple searches against a Gujarat-based pharma company for alleged "suspicious" transactions in violation of ...

Shah Rukh Khan summoned by ED in IPL FEMA violation case

Shah Rukh Khan summoned by ED in IPL FEMA violation case

The Enforcement Directorate (ED) issued notice to Bollywood actor Shah Rukh Khan and others in IPL FEMA case which alleges violation in selling around five million Knight Riders Sports Pvt Ltd (KRSPL) shares at an undervalued rate. india Updated: Jul ...

Tata docomo case: Transaction violated FEMA, challenge payout in SC, says ED

Tata docomo case: Transaction violated FEMA, challenge payout in SC, says ED

The ED has argued that the share price agreed to be paid by Tata Sons at Rs 58 per share was much higher than the fair market value of Rs 23.34 per share on 10 November, 2014 — the date when Tata Teleservices applied for Reserve Bank of India (RBI) ...

57 lakh worth Gulf currency seized at RGIA

57 lakh worth Gulf currency seized at RGIA

Hyderabad: Directorate of Revenue Intelligence (DRI) seized foreign currency worth Rs 57 lakh at Rajiv Gandhi International Airport (RGIA), Shamshabad. The seized currency includes UAE Dirhams, Saudi Riyals and Omani Riyals which were found in the ...

NSEL insider trading case: ED looking at possible FEMA violations ...

NSEL insider trading case: ED looking at possible FEMA violations ...

CNBC-TV18 learn from sources that the Enforcement Directorate (ED) is probing NSEL for possible Foreign Exchange Management Act (FEMA) violations after ...and more »

Enforcement Directorate conducts searches in Srinagar in hawala case

Enforcement Directorate conducts searches in Srinagar in hawala case

The ED suspects that the funds allegedly unrealised to the exporter from foreign shores are in violation of Foreign Exchange Management Act (FEMA) and Reserve Bank of India (RBI) rules. Recommended By Colombia. "The man being investigated has not ...

Despite Unregulated Status, Poland Based Exchange BitBay Enters The Indian Cryptocurrency Market

Despite Unregulated Status, Poland Based Exchange BitBay Enters The Indian Cryptocurrency Market

International Bitcoin exchange BitBay has reportedly started operations in India, as part of a move geared towards the expansion of its cryptocurrency trading business. Headquartered in Poland, the company is also looking to source local IT talent for ...and more »

Shah Rukh Khan, Bachchan family and Ajay Devgn get ED notices over forex remittances

Shah Rukh Khan, Bachchan family and Ajay Devgn get ED notices over forex remittances

“Mr Bachchan and his family members have to disclose outflows since 2004 – the year when the Reserve Bank of India introduced the Liberalised Remittance Scheme (LRS). ED is probably examining the remittances under LRS and those separately done for ...

Interest earned on NRE FD is taxable if residing in India | Latest ...

Interest earned on NRE FD is taxable if residing in India | Latest ...

I have been overseas for several years and had opened an NRE fixed deposit with a bank in India. I relocated back to India during May 2016 and took up ...and more »

South Korean gold import: Govt revenue loss to cross Rs 700 cr by month-end

South Korean gold import: Govt revenue loss to cross Rs 700 cr by month-end

If gold bars are imported from Dubai or bought from Korea, they get them converted into coins there and re-exported to India under the FTA. They get a refund for VAT paid to the Korean government in 60 days, while Korean entities charge a good premium ...and more »