The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, issued Trade Notice No. 36/2018 dated 30 October 2018 cautioning stakeholders against dealing with MSRL Group Limited, 100 Lincoln Road, Miami, Florida, USA, which was stated to have Mr. Vaneet Singh Kalsi as a Director and to also operate under the name M/s Milestone Resourcing LLC. DGFT stated that complaints had been received against these entities for allegedly failing to supply materials despite receiving advance payments from Indian importers. Accordingly, all concerned stakeholders were advised to exercise due diligence before entering into any business transactions with the said entities. The Trade Notice was issued with the approval of the Director General of Foreign Trade.
F. No. 01/142/HQ/18-19/ECA.II
Government of India
Ministry of Commerce and Industry
Directorate General of Foreign Trade
(Enforcement-Cum-Adjudication-II)
Udyog Bhawan, New Delhi
Trade Notice No. 36/2018 Dated: 30th October , 2018
To
All the RAs
All the Export Promotion Councils.
Subject:- Caution against dealing with MSRL Group Limited, Miami, Florida, USA-regarding.
It has been brought to the notice of this Directorate that complaints have been received against MSRL Group Limited, 100 Lincoln Road, Miami, Florida (USA), (having one Mr. Vaneet Singh Kalsi as a Director). The company also operates under the name of M/s Milestone Resourcing LLC. These entities failed to supply materials inspite of receiving advance payments from Indian importers.
2. Therefore, all concerned are hereby cautioned to exercise due deligence before transacting any business with the above said entities.
3. This issues with the approval of Director General of Foreign Trade
(Rajbir Sharma)
Joint Director General of Foreign Trade
For Director General of Foreign Trade
Tele 011-23061562/263
