DGFT blacklists Bharti Airtel from export promotion scheme

0
45
File Photo

The Directorate General of Foreign Trade (DGFT) under the Union Commerce Ministry has blacklisted the Bharti Airtel from export promotion scheme.

According to the source, the Ministry has resorted to this extreme step reportedly for non-fulfilment of export obligation by this Telecom giant under the scheme in respect of certain EPCG authorisation issued to them. Hence, the company will not be able to avail any export benefit or licence from the DGFT.

However, sources in the Airtel said the company has not taken any such licence since April 2018 and has already applied for cancellation of all past licences as there is no such operational requirement.

LEAVE A REPLY

Please enter your comment!
Please enter your name here