ED files case against BBC for foreign exchange violations

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The Enforcement Directorate has registered a case against news broadcaster BBC India for foreign exchange violations, according to media reports. The case has reportedly been registered under the provisions of the Foreign Exchange Management Act (FEMA). According to the reports, the investigation will focus on purported foreign direct investment (FDI) violations by the company.
The action follows a raid by the IT Department at the BBC premises in Delhi and Mumbai in February. Following the three-day raids, the government had released a statement providing the details of the action. In the statement, without naming BBC, the government had said they have found evidences pertaining to the operation of the organization which indicate that tax has not been paid on certain remittances which have not been disclosed as income in India by the foreign entities of the group.
“A survey action under section 133A of the Income- tax Act, 1961(the Act) was carried out at the business premises of group entities of a prominent international media company at Delhi and Mumbai. The group is engaged in the business of development of content in English, Hindi and various other Indian languages; advertisement sales and market support services, etc,” read the statement.

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