# Amazon, Flipkart, Snapdeal discounts flouting FDI norms: CAIT (HT Tech) > By offering discounts and sales for the upcoming festive season, companies like Amazon, Flipkart, and Snapdeal are violating Traders body CAIT has alleged that e-commerce firms such as Amazon, Flipkart and Snapdeal are violating FDI norms, said traders body CAIT (confederation of All India Traders) in a statement. # Amazon, Flipkart, Snapdeal discounts flouting FDI norms: CAIT ## By offering discounts and sales for the upcoming festive season, companies like Amazon, Flipkart, and Snapdeal are violating Traders body CAIT has alleged that e-commerce firms such as Amazon, Flipkart and Snapdeal are violating FDI norms, said traders body CAIT (confederation of All India Traders) in a statement. Oct 12 2015, 13:06 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![image caption](https://images.hindustantimes.com/tech/rf/image_size_800x600/HT/p2/2015/09/27/Pictures/e-commerce_072b26c4-6541-11e5-8cb9-54f816cd178d.jpg) By offering festive season sales and discounts, CAIT says, e-commerce firms are violating FDI norms because they are not direct sellers of these products. ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By PTI By offering discounts and sales for the upcoming festive season, companies like Amazon, Flipkart, and Snapdeal are violating Traders body CAIT has alleged that e-commerce firms such as Amazon, Flipkart and Snapdeal are violating FDI norms, said traders body CAIT (confederation of All India Traders) in a statement. CAIT has also lodged a complaint with the Commerce Ministry. "These companies solicit general public into their respective sales by big advertisement campaign on print, electronic and social media... the advertisements addressed to the public in general tantamount to retail trading," the Confederation of All India Traders said in a statement today. It added: "These companies claim to be a marketplace and therefore can provide only a technology platform for the sellers who are registered with them. Since ownership of inventory does not hold by the said companies they can not offer 'sale' or 'Discounts' in totality on their online portals but they are doing so which also establishes that they are not marketplace and as such openly flouting FDI policy." Also read click here. The body also said it has complained to the Commerce Ministry to take action against these companies. "In a complaint sent today to Secretary, Department of Industrial Policy & Promotion, Ministry of Commerce, the CAIT has demanded that not only these companies be restricted to conduct such sales but necessary action should be taken against them for violation of FDI policy," it added. CAIT said it has also sent a copy of their complaint to Finance Minister Arun Jaitley and Commerce Minister Nirmala Sitharaman calling for their immediate intervention and directing the concerned officials to take immediate action. At present, 100 per cent foreign direct investment is allowed in business to business (B2B) in e-commerce but FDI is not allowed in B2C e-commerce. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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