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Traders’ Body Pushes for Tougher E-commerce Laws

    12 February , 2022         Fdiindia

Traders’ Body Pushes for Tougher E-commerce Laws

A 14-point charter has been released by the Confederation of All India Traders (CAIT), outlying the need for stricter regulations to govern the e-commerce segment. It released the charter at a meeting attended by prominent e-commerce stakeholders and 12 national-level traders’ unions.

The recommendations by CAIT include tougher laws for marketplaces, restrictions on banks from allowing selective cashback offers, and KYC for new sellers being added.

CAIT also demanded that an independent e-commerce regulatory authority be set up to oversee operations.

The body mentioned that the meeting was skipped by Amazon and Walmart-owned Flipkart but was attended by representatives from Hindustan Unilever, Amway, Urban Ladder, ITC, Coca-Cola, Udaan, Big Basket and Reliance.

One of the main areas of focus of CAIT has been to counter the alleged violation of foreign direct investment (FDI) regulations by large e-commerce firms such as Amazon and Flipkart.

“Marketplace companies should not be allowed to exploit the provisions of the FDI policy in Press Note 2 by registering their affiliate companies on their platform and allowing them to sell 25 percent of the goods,” said one of the pointers in CAIT’s charter.

“They created a 14-point charter and are setting up a task force. It is no different from what they have been saying. They (CAIT) want to do away with deep discounting, but the government marketplaces have been providing even more discounts as seen in the Economic Survey 2022. It is very clear that the seller decides on how much discount to offer. It has nothing to do with the e-commerce marketplace,” said a senior executive from a top e-commerce company in response, seeking anonymity.

“Irrespective of foreign or Indian e-commerce marketplaces, sellers registered on the platform should not be the related companies of the marketplace. The marketplace should not act as a whole-seller to registered sellers. Marketplace e-commerce companies should not own brands or create their private label brands,” CAIT’s recommendations said.

Further, it reiterated the importance of the draft e-commerce rules’ points regarding the platforms sharing the sellers’ contact details and nominating information on the Nodal Officer, Grievance Officer, and Compliance Officer.


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