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FEMA
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ED raids Vivo India for illegally remitting Rs 62,476 crore to China, seizes Rs 465 crore, 119 bank accounts
Neeraj M
-
July 7, 2022
Vivo's Indian subsidiary is accused of remitting almost 50% of its turnover, amounting to Rs 62,476 crore, to parent entities in China between 2017 and 2021 in a bid to avoid paying taxes in India, according to ED, the...
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