DICA puts 7 companies on blacklist for unauthorized imports
THE Directorate of Investment and
Company Administration (DICA) notified that seven companies have been
blacklisted for pre-arrival of goods at the ports and airports.
DICA has already notified that the
registrar will publicly declare the deny list and weak compliance matters on
the DICA’s website if companies registered on the online registry system,
MyCO, fail to comply with the existing law, rules and bylaws of the government
institutions concerned and provisions stipulated in the Myanmar Companies Law.
Seeking an import licence for the goods
before arrival at the port is obligatory, and failure to do so is subject to
strict actions under the existing laws, as declared by the Trade Department
under the Ministry of Commerce.
The Trade Department under the Ministry
of Commerce informed DICA of listing seven companies on the blacklist, and
they were flagged for early arrival of the goods at the ports and airports.
They are no longer permitted to run businesses under the existing laws starting
from 31 December 2024. They are ANDA Company Limited, BBJ Company Limited,
Sky Virgo Company Limited, Yahza Naing Lwin Co Ltd, Fast Carriers Solutions
Company Limited, J&W Holding Company Limited and Gu Family Enterprise
Company Limited. — NN/KK
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