Govt Urged By CAIT To Not Dilute Draft Ecommerce Rules
- ByStartupStory | June 28, 2021
On Sunday, Govt urged by CAIT to not dilute the draft of ecommerce rules under any pressure of foreign-funded online firms. In a communication to Prime Minister Narendra Modi, Domestic traders’ body, CAIT said it has been observed that voices of terming the rules as stringent is being created. in a statement made by the Confederation of All India Traders (CAIT) said, “In the wake of expected pressure tactics of foreign funded ecommerce companies against the draft of ecommerce rules we urged him (Prime Minister, Narendra Modi ) to ensure that no dilution is made in draft of ecommerce rules under any pressure.” It further added, “The draft rules after examining the suggestions and objections should be notified without any further delay.”
CAIT said that the unethical and law violating business practices of foreign funded e commerce companies was forcing the closure of a huge number of shops in the country. Sandeep Jhunjhunwala, Nangia Andersen LLP Partner said regarding the matter, “Currently, the rules neither provide any threshold for applicability nor any timelines or validity for DPIIT (Department for Promotion of Industry and Internal Trade) registration, becoming onerous for emerging companies,” he also added, Appointing employees in India may also increase the exposure of creating a permanent establishment in India for foreign companies.”
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