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Amid I-T raids, China requires ‘truthful atmosphere’ for cos | India Information

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NEW DELHI: After Chinese language nationals have been raided by the earnings tax division for alleged cash laundering, Beijing on Wednesday expressed hope that the Indian aspect will present a “truthful, simply and non-discriminatory atmosphere for Chinese language enterprises to […]

NEW DELHI: After Chinese language nationals have been raided by the earnings tax division for alleged cash laundering, Beijing on Wednesday expressed hope that the Indian aspect will present a “truthful, simply and non-discriminatory atmosphere for Chinese language enterprises to function usually in India”.
“What I can inform you is that the Chinese language authorities has all the time requested Chinese language enterprises to cooperate with different international locations on the premise of compliance with worldwide guidelines and native legal guidelines and rules, whereas on the identical time remaining dedicated to safeguarding the official rights and pursuits of Chinese language enterprises and residents,” stated Chinese language overseas ministry spokesperson Zhao Lijian in Beijing responding to a query from Reuters.
The Chinese language embassy right here stated in a separate assertion that the Chinese language authorities required overseas governments and related departments to implement the legislation impartially to make sure the protection and authorized rights of its residents.
The Chinese language response got here even because the earnings tax division on Wednesday continued its raids towards some Chinese language people and their native associates in reference to its probe right into a Rs 1,000 crore value cross-border cash laundering racket utilizing shell or doubtful corporations.
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