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CAIT calls for early introduction of e-commerce policy

Press Trust of India  |  Bengaluru 

The Confederation of All Traders (CAIT) Sunday pitched for early introduction of the policy as it apprehends vitiation of the market by portals through "predatory pricing" and "deep discounting" during festive season beginning October 15.

"In the absence of any policy just before the festive season beginning October 15, portals will play their dirty game of predatory pricing, deep and loss funding, which will vitiate the market," National President B C Bhartia said in a statement.

"Hence, we call for early introduction of e-commerce policy as early as possible," he added.

to restrict preferred sellers of e-commerce companies to sell products on e-commerce portals, Bhartia alleged that they were "instrumental" in indulging in all sorts of malpractices.

He said the government has already issued first draft of and a panel of secretaries is already in process of examining the draft policy.

said provisions on data localisation should remain in the policy to check unauthorised infiltration of goods through e-commerce.

He also said the proposal to allow up to 49 per cent Foreign Direct Investment in inventory model-based businesses amounts to "backdoor entry" of Multi National Companies in and it must be scrapped.

"Traders will never accept such a provision under any circumstances," he said.

Right to examine software and source-code for effective regulation is a good step as it will make sure foreign companies pay taxes properly, Khandelwal added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, September 16 2018. 19:35 IST