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Business EconomyPosted at: Dec 13 2019 7:06PM


Prohibition on 'gift route' is a step forward to check e-commerce business: CAIT

New Delhi, Dec 13 (UNI) Prohibition of goods being imported into India from Chinese e-commerce portals via "gift route" by the Directorate General of Foreign Trade ( DGFT) is a step forward in curbing unethical and unfair business practices being adopted by the e-commerce companies.
In a statement issued here on Friday, CAIT applauded the step and complimented Commerce Minister Piyush Goyal in fulfilling the commitment made to the delegation which met him in October and strongly raised this issue citing the gift route as a back door channel for entry of goods in India.
The e-commerce companies in China were playing a major role for greater influx of Chinese goods in Indian market.

CAIT national president B.C.Bhartia and Secretary General Praveen Khandelwal in a joint statement said that import of such goods which enter India without any duty payment not only affect the Indian retail business by giving unfair advantage to these portals but also disrupt the 'Make In India' vision of the government.
They further said that there was also huge risk of illegal trade activities through such channels because goods could be easily imported without any proper identification of documents.
"This step to curb such imports sends a strong signal to all e-commerce portals to conduct business in a fair and non- predatory manner thereby ensuring fair market competition and also maintaining sanctity of Indian laws," asserted the trade leaders.
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