https://www.taxtmi.com/news?id=63289 ED show cause notices allege improper end use of KIIFB's masala bond proceeds and quantify an alleged breach under FEMA, including an asserted Rs 466 crore land purchase. KIIFB's CEO denies any violation, asserts compliance with applicable RBI ECB guidelines and FEMA provisions as of 2019, disputes the alleged figure (stating actual land acquisition was Rs 66 crore for public infrastructure), and commits to filing a comprehensive documentary and legal response to challenge the ED's factual and quantitative assertions. en-us Mon, 01 Dec 2025 22:16:03 +0530 Mon, 01 Dec 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63289 ED show cause notices allege improper end use of KIIFB's masala bond proceeds and quantify an alleged breach under FEMA, including an asserted Rs 466 crore land purchase. KIIFB's CEO denies any violation, asserts compliance with applicable RBI ECB guidelines and FEMA provisions as of 2019, disputes the alleged figure (stating actual land acquisition was Rs 66 crore for public infrastructure), and commits to filing a comprehensive documentary and legal response to challenge the ED's factual and quantitative assertions. News - Mon, 01 Dec 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=63289