Lawstreet Journal

CAIT urges govt. not to dilute draft e-commerce rules

Lawstreet Journal 29 Jun 2021 11:16pm

Image courtesy: Lawstreet Journal Executive CAIT urges govt. not to dilute draft e-commerce rules

Domestic traders' body Confederation of All India Traders CAIT on June 27th 2021, Sunday urged the government not to dilute the draft of e-commerce rules under any pressure of foreign-funded online firms. In a communication to Prime Minister Narendra Modi, the Confederation of All India Traders (CAIT) said it has been observed that voices of terming the rules as stringent is being created.

"In the wake of expected pressure tactics of foreign-funded e-commerce companies against the draft of e-commerce rules… (we urged) him (prime minister) to ensure that no dilution is made in draft of e-commerce rules under any pressure," CAIT said in a statement. The draft rules after examining the suggestions and objections should be notified without any further delay, " CAIT added.

It alleged that unethical and law violating business practices of foreign-funded e-commerce companies has forced the closure of a large number of shops in the country.

"Traders of India are not against e-commerce but are of the considered opinion that e-commerce is the most promising business avenue of the future, and traders should also adopt it as a stream of their business besides conducting business activities in their physical shops," CAIT said.

Nangia Andersen LLP Partner Sandeep Jhunjhunwala said the proposed rules like the appointment of a chief compliance officer, a nodal contact person, and a resident grievance officer may go a long way in protecting consumer interests but could create a "massive" compliance burden on corporations, especially those operating from outside India.

"Currently, the… Continue Reading...

Tagged: Confederation of All India Traders   CAIT   E-commerce  
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