New Delhi: The Competition Appellate Tribunal has disposed of a plea seeking to restrain implementation of International Air Transport Association's (IATA) cargo accounts settlement system.
The tribunal has upheld fair trade regulator CCI's ruling that had rejected Air Cargo Agents Association of India's plea in this regard.
The Air Cargo Agents Association had sought an injunction against implementing IATA's Cargo Accounts Settlement System (CASS).
According to COMPAT order, dated March 25, respondent's learned counsel had submitted that CASS "was only a pilot project and was not compulsory at all and it was completely voluntary".
In its ruling in July 2013, Competition Commission of India (CCI) had said that airlines and agents are not mandated by IATA resolutions to participate in CASS.
21/04/14 PTI/Business Standard
To Read the News in full at Source, Click the Headline
The tribunal has upheld fair trade regulator CCI's ruling that had rejected Air Cargo Agents Association of India's plea in this regard.
The Air Cargo Agents Association had sought an injunction against implementing IATA's Cargo Accounts Settlement System (CASS).
According to COMPAT order, dated March 25, respondent's learned counsel had submitted that CASS "was only a pilot project and was not compulsory at all and it was completely voluntary".
In its ruling in July 2013, Competition Commission of India (CCI) had said that airlines and agents are not mandated by IATA resolutions to participate in CASS.
21/04/14 PTI/Business Standard
