As per news source, The Directorate General of Foreign Trade (DGFT) has put Bharti Airtel on its ‘Denied Entities List’. This was done after the non-fulfillment of export obligations by the telecom company under the Export Promotion Capital Goods (EPCG) scheme.
When a company is listed on the ‘Denied Entities List’, it leads to the cancellation of its import licence.
The news source further reports that no licence has been sought by the company since April 2018 as it had no operational needs. The report also reveals that the company had applied for the closure of all its past licences that were due, adding that approval from the authorities for the same was being awaited.
