CAT’s National General Secretary Praveen Khandelwal met Union Commerce Minister Shri Piyush Goyal in his office at Udyog Bhawan in New Delhi today and gave a detailed memorandum urging him that the way some companies in the current e-commerce business have their arbitrary In view of the fact that this business has deteriorated, it is necessary to clarify the norms of e-commerce business and ensure equal opportunities in e-commerce business for all stakeholders.
He has also requested that immediate corrective action be taken on the issue so that any e-commerce company, whether it is small or big Indian or foreign funded, does not dare to violate the law under any circumstances. Do not forget to consider India as a dumping yard.
FDI policy violation
It is now clear that many foreign funded e-commerce companies are violating not only the FDI policy of the government but also the FEMA Act. They consider India as an open playground where laws are weak and they can change the rules at any time for their convenience. These e-commerce companies should now be given a tough lesson so that no one should consider themselves above the law.
It is important for e-commerce companies to follow the rules
Compulsory to follow the rules
Piyush Goyal said after listening carefully to all the things that every e-commerce trading institute in India is required to follow the rules and regulations and the government is committed to protect the interests of small traders of India. The government is already taking the matter seriously and all aspects are being considered intensively.
Stop Influencing Customers Companies
He stressed that the policy and rules laid down for e-commerce will have to be adhered to both in letter and spirit. However, he advised traders to accept the new technology in the current business format of retail trade, which is the need of the hour. He further said that anyone who is doing business through e-commerce is mandated to conduct business activities within the rules and regulations and in any circumstances influencing customers is contrary to the rules. The government is committed to a better e-commerce domain for business by following the prescribed laws.