CAIT asks ED to ban portals of Amazon
Not just Flipkart, ED should send notice to Amazon also, says traders’ body
image for illustrative purpose
As the Enforcement Directorate (ED) has served notices to e-commerce major Flipkart and its founders over alleged violation of foreign exchange (forex) norms, the Confederation of All India Traders (CAIT) has said that similar notices should also be sent to Walmart-backed Amazon.
"The notice sent by the Enforcement Directorate to Flipkart is a much-awaited right step. Both Amazon and Flipkart are conducting a preferential seller system on their respective marketplace which is against the FDI in e-commerce policy for which CAIT has been raising its voice since a long time. We demand the Enforcement Directorate to send similar notice to Amazon also since both Amazon and Flipkart are sailing in the same boat," said CAIT Secretary General Praveen Khandelwal.
The traders' body lauded the ED's move and said that violation of laws during 2016-2021 by both Amazon and Flipkart needs to be investigated. Khandelwal said that ED should not only impose heavy fine and penalty but also recommend the government to ban portals of both Amazon and Flipkart till the time they follow the FDI laws both in letter and spirit.
