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
