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ED searches 19 premises of Amazon, Flipkart vendors in FEMA probe

YourStory LogoYourStory2w ago

ED searches 19 premises of Amazon, Flipkart vendors in FEMA probe - YourStory

Quick Summary:

It is learnt that the ED inspected documents and took copies of some from the premises of about six such vendors who were not named.

These practices, in turn, are creating a grey market of mobile phones, causing losses to the exchequer "as players in the grey market evade taxes", they had said.

The minister had said that with the fast-growing online retailing in the country, "are we going to cause huge social disruption with this massive growth of ecommerce".


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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 13:21:04 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23461381

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

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The story "ED searches 19 premises of Amazon, Flipkart vendors in FEMA probe" was covered 2 weeks ago by YourStory, a news publisher based in India.

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  • News ID: #23461381
  • URL: https://beamstart.com/news/ed-searches-19-premises-of-17309862832569

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