The Confederation of All Indian Traders (CAIT) has praised the Competition Commission of India (CCI) for conducting raids on the offices of Cloudtail and Apario, both Amazon sellers.
This is a much-awaited welcome step by the ICC that will surely substantiate the substance of the various complaints filed by CAIT against Amazon and Flipkart, CAIT General Secretary Praveen Khandelwal said while commenting on the ICC action.
For the past three years, CAIT has raised strong objections against alleged abusive practices by Amazon and Flipkart and filed complaints with the ICC in addition to vigorously fighting Amazon and Flipkart’s delay tactics in various courts as well. .
Khandelwal, in a statement, said Narayan Murthy’s role should also be investigated while conducting the raid.
The situation demands that all paper and computer records of both vendors regarding the complaints of be confiscated so that these cannot be tempered.
“This is a much-awaited welcome step by the ICC that will surely substantiate the merits of the various complaints filed by CAIT against Amazon and Flipkart,” said CAIT General Secretary Praveen Khandelwal while commenting on the action of the CCI.
India’s antitrust body has reportedly launched raids on Amazon’s two top domestic sellers, accused of violating competition laws. According to the sources, the raids are linked to the CCI’s investigation ordered in January 2020 into allegations of anti-competitive behavior such as the granting of deep discounts on online smartphone sales and vendor selection. Other allegations included predatory pricing and exclusive partnerships.
Over the past three years, CAIT said it has raised strong objections to Amazon and Flipkart’s malpractice and filed complaints with the ICC, in addition to taking a strong stand against Amazon’s stalling tactics. and Flipkart in various courts as well.
The trade body further stated that predatory pricing, deep discounts, loss financing, exclusive sale of brand name products in collusion with the respective companies, due inventory are some of the fundamental issues raised. by CAIT. “All of these practices are explicitly prohibited under the 2018 FDI Policy Press Note 2,” the statement added.
Verticals most impacted due to Amazon and Flipkart malpractices include Mobile, FMCG, Consumer Durables, Apparel, Ready Made Apparel, Beauty Care Products , watches, giftware and upholstery, he said.
(with contributions from IANS)
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Posted: Friday, April 29, 2022, 12:12 p.m. IST