Page 4 - E-commerce Rules

CCI to give e-commerce firms advisory on discounts as trader protests grow

This comes at a time when Commerce Minister Piyush Goyal has gone public on foreign majors

Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint

CAIT says there must be a govt audit of how e-commerce portals function, including the business done by sellers and their authenticity

Neutrality of e-commerce marketplace important to sellers, says survey

According to the survey, 89 per cent of the respondents said neutrality of the marketplace was important as a core principle

Criteria for identifying risky exporters not made clear by CBIC: Expert

A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds

E-commerce norms to boost offline revenues by up to Rs 12,000 cr: CRISIL

Tighter norms for e-commerce players could help boost revenues of brick and mortar (B&M) retail stores by 150-200 basis points (bps) or Rs 10,000-12,000 crore in the 2020 fiscal, according to ratings agency CRISIL. "Revenue growth of B&M retailers could increase 150-200 bps in fiscal 2020, as e-retailers re-engineer business models to conform to the revised and more stringent regulations, which would slow down their revenue growth," CRISIL said in a statement. In December, the government introduced new regulations that would bar online marketplaces with foreign investments from selling products of the companies where they hold stakes, and ban exclusive marketing arrangements. These norms, which are effective February 1, would hit Amazon and Walmart-backed Flipkart the hardest. These two ecommerce platforms are also the largest in the country. "Nearly 35-40 per cent of e-retail industry sales, amounting to Rs 35,000-40,000 crore, could be impacted due to the tightened ...