You are here: Home » PTI Stories » National » News
Business Standard

Govt mulling mechanism to check online sale of counterfeit items

Press Trust of India  |  New Delhi 

The government is considering a mechanism to compensate consumers who happen to get a product from an online platform, an today said.

The talks for such a system, which may be called 'cash-back', is at a conceptual stage, the official, who did not wish to be named, said.

The discussions for this are going on between companies, the (DIPP) and the

"We need more stakeholder consultation on the matter as the aim is to restrict sale of products in the domestic market," the added.

The mechanism which the government is considering would be voluntary in nature.

The issues which are under discussions including the mechanism to file a complaint for a product and to establish whether the product is counterfeit.

According to the Commerce and Industry Ministry, counterfeiting has grown considerably to a point where it has become a widespread phenomenon with a global impact.

Counterfeiting, other than causing an erosion on the brand value, reputation and goodwill of the manufacturers and owners of intellectual property (IP), leads to social and economic consequences resulting in huge economic losses in terms of lost taxes and revenues.

It also leads to diversion of funds to other illegal activities and such products put a threat to consumers' health and safety as well.

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

First Published: Mon, March 12 2018. 17:30 IST
RECOMMENDED FOR YOU