https://www.taxtmi.com/news?id=65256 The dispute concerns a FEMA show cause notice alleging approximately Rs 467 crore in contraventions connected to KIIFB's masala bond issuance. Key issues are whether KIIFB must reply to the notice before seeking judicial relief, whether the enforcement agency pre-determined a penalty at the notice stage, the requirement to raise jurisdictional and factual objections before the Adjudicating Authority under FEMA, and the proper interpretation of the RBI ECB framework regarding use of bond proceeds for land acquisition versus development on state-owned land. en-us Fri, 19 Dec 2025 14:16:03 +0530 Fri, 19 Dec 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65256 The dispute concerns a FEMA show cause notice alleging approximately Rs 467 crore in contraventions connected to KIIFB's masala bond issuance. Key issues are whether KIIFB must reply to the notice before seeking judicial relief, whether the enforcement agency pre-determined a penalty at the notice stage, the requirement to raise jurisdictional and factual objections before the Adjudicating Authority under FEMA, and the proper interpretation of the RBI ECB framework regarding use of bond proceeds for land acquisition versus development on state-owned land. News - Fri, 19 Dec 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=65256