In September 2014, the Enforcement Directorate told Economic Times news agency that it had found Flipkart guilty of Foreign Exchange Management Act (FEMA) violations, iamwire.com reports.
As a quick response, players like Flipkart changed their B2C strategy and started operations as a marketplace, with different sellers fulfilling customer orders.
In recent news, Amazon has come under the lens of the ED for possible violations of India`s foreign direct investment (FDI) rules for online retail, indiatimes.com reports.
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