Enforcement Directorate (ED) Has filed a criticism towards the e-commerce corporate Myntra. It’s alleged that Miningra made FDI in India (FDI) Has violated the principles of The ED says that Myntra and its best friend have been if truth be told multi-brand retail trade (ie retail gross sales of a number of manufacturers), claiming retail trade. In line with the company, such actions are towards FDI coverage, as there are strict laws relating to overseas funding in multi-brand retail sector in India. ED Has initiated motion below violation of this rule on Myntra.
ED Accomplished Myntra However 1,654 Ten million Rupee Of Overseas foreign money Laws Of Violation Of Blame Imposed Isред company In line with, Mantra made maximum of its gross sales thru e-commerce personal restricted, which is any other corporate in the similar trade crew. After this the vector offered those merchandise without delay to the shoppers. ED Says retail gross sales from this (B2C) wholesale gross sales (B2B) used to be proven as, in order that overseas funding laws may well be neglected.