Traders’ body says Commerce Ministry has flagged violations by Amazon, Flipkart - News Summed Up

Traders’ body says Commerce Ministry has flagged violations by Amazon, Flipkart


The Commerce Ministry has forwarded representations of alleged violations by Amazon and Flipkart to the Enforcement Directorate and the Reserve Bank for "necessary action", according to traders’ grouping CAIT. The Confederation of All India Traders (CAIT) had alleged that the e-commerce players violated FEMA and FDI rules. E-mails sent to Aditya Birla Fashion and Retail Ltd and Amazon India did not elicit a response. CAIT Secretary General Praveen Khandelwal said the grouping had made complaints about Amazon and Walmart-owned Flipkart to Commerce Minister Piyush Goyal in the recent past. 5/2/2019-e-Commerce (Part-I) issued on 22 December, 2012 has asked both ED and RBI to take necessary action against Amazon & Flipkart".


Source: The Hindu December 31, 2020 14:26 UTC



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