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Amazon faces ED probe for violation of forex rules

Amazon faces ED probe for violation of forex rules

Rediff.com28 Jan 2021

The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the commerce ministry seeking "necessary action" against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.

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