YEARS
The Competition Commission of India (CCI), which works to ensure fair trading across markets, is already looking into alleged anti-competitive practices of e-commerce companies. Additionally, the Confederation of All India Traders (CAIT) and mainline mobile retailers association AIMRA had also filed a petition with the CCI some time ago, demanding immediate suspension of the operations of Flipkart and Amazon.
The Enforcement Directorate on Thursday conducted raids against some of the main sellers operating on e-commerce platforms like Amazon and Flipkart as part of its probe into foreign investment violations. He said that as part of the action, ED raided a total of 19 premises of these preferred vendors located in Delhi, Gurugram, Hyderabad (Telangana), Panchkula (Haryana) and Bengaluru (Karnataka). Sources said the investigation was initiated by the federal probe agency under the provisions of the Foreign Exchange Management Act (FEMA) after several complaints were filed against the two big e-commerce companies alleging that they were diverting FDI from India. Were violating.
The Competition Commission of India (CCI), which works to ensure fair trading across markets, is already looking into alleged anti-competitive practices of e-commerce companies. Additionally, the Confederation of All India Traders (CAIT) and mainline mobile retailers association AIMRA had also filed a petition with the CCI some time ago, demanding immediate suspension of the operations of Flipkart and Amazon.
According to his petition, the companies were engaged in predatory pricing and raising funds by offering huge discounts on the products. The petition further said that these practices are creating a gray market of mobile phones, causing loss to the government exchequer “as players in the gray market evade taxes.
other news
