The Confederation of All India Traders (CAIT) while submitting its objections and suggestions to the draft of e-commerce policy has stressed the need for formation of an empowered regulatory authority to regulate and monitor the e-commerce business in India as also the regulations should be imposed on domestic e commerce players as well.
It has also suggested that Cash on Delivery (COD) system in e commerce should be completely banned. The CAIT has supported the principle of data localisation and creation of a trustworthy, transparent and effective e commerce marketplace having equal opportunities for small traders to participate fearlessly in order to moving small business to digital landscape and has demanded the Government to carve out a equitable policy to encourage small traders to join e commerce business.
The CAIT has also called for a central registration of each e commerce player indulges in business through any kind of digital mode. Any kind of trading or providing services through e system should be brought under the ambit of e commerce policy and regulations. CAIT Secretary General Praveen Khandelwal while submitting memorandum of suggestion to the Government stress upon the dire need for a judicial or quasi-judicial authority having enforcement well as adjudicatory powers to give effect to the prevailing e-commerce policy in India. Issues that are faced with sectors like immense capital dumping, loss selling, deep discounting, exclusivity etc are needs to be curbed. Khandelwal stressed the need of imposing e commerce policy and regulations on all sorts of domestic e commerce companies doing business through digital mode to have equity in e commerce marketplace.
He further said that e commerce being designed completely on e system, the practice of Cash on Delivery (COD) should be completely banned and all payment transactions in e commerce should be through digital mode only. “The Government is unaware about the numbers of e commerce entities working in the Country and therefore it is most necessary that a compulsory Central Registration system should be in place under which before starting any e commerce activity obtaining a Registration should be made mandatory,†he added.
