financetom
Business
financetom
/
Business
/
270 notices sent to e-commerce players for breaching country of origin norm: Choubey
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
270 notices sent to e-commerce players for breaching country of origin norm: Choubey
Mar 23, 2022 1:39 PM

The government has issued 270 notices since January 2021 to e-commerce players for violation of provisions related to country of origin, and over Rs 56 lakh have been collected as compounding fees from such online companies, the Parliament was informed on Wednesday.

Share Market Live

NSE

In a written reply to the Lok Sabha, Minister of State for Food and Consumer Affairs Ashwini Kumar Choubey said the Legal Metrology (Packaged Commodities) Rules, 2011 under the Legal Metrology Act, 2009 provides, in the case of imported products, for mandatory declaration of country of origin on the digital and electronic networks used for e-commerce transactions.

The Act also provides for penalty in case of violations and authorizes the state governments to take action thereon. "The Legal Metrology Office of the Department of Consumer Affairs has issued 270 notices since January 1, 2021 to e-commerce entities for violation of provisions pertaining to country of origin and an amount of approximately Rs 56,40,500 in the form of compounding fees has been realized from such e-commerce companies," Choubey said.

Also Read:

How is changing consumer behavior affecting personal finance segment?

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India's Biocon posts Q4 profit fall as higher raw material costs bite
India's Biocon posts Q4 profit fall as higher raw material costs bite
May 16, 2024
HYDERABAD, May 16 (Reuters) - Indian biopharmaceutical company Biocon reported a decline in its fourth-quarter profit on Thursday, as soaring raw material costs overshadowed growth in its biosimilar business in key United States and Europe markets. The company's consolidated net profit fell 56.6% to 1.36 billion rupees ($16.3 million) for the quarter ended March 31. Its revenue from operations rose...
Hugo Boss and David Beckham partner up for design collection
Hugo Boss and David Beckham partner up for design collection
May 16, 2024
(Reuters) - Hugo Boss has struck up a multi-year design partnership with Former Manchester United midfielder David Beckham, the German fashion house said on Thursday, as it seeks to boost demand for its Boss brand. The collaboration includes collections designed and curated by David Beckham for both formal and casual menswear, the company said, with the first collection to launch...
Update: Market Chatter: United Airlines Says it is No Longer Under FAA Operational Freeze
Update: Market Chatter: United Airlines Says it is No Longer Under FAA Operational Freeze
May 16, 2024
09:38 AM EDT, 05/16/2024 (MT Newswires) -- (Updates to add details) United Airlines (UAL) is no longer under a Federal Aviation Administration-mandated operational freeze, Bloomberg reported Thursday, citing a company message to employees it has viewed. The FAA operational freeze on United Airlines began following a string of high-profile safety incidents, including a wheel falling off soon after takeoff and...
FAA allows United Airlines to restart certification activities
FAA allows United Airlines to restart certification activities
May 16, 2024
(Reuters) - United Airlines said on Thursday the U.S. Federal Aviation Administration has permitted the carrier to restart its certification activities, including new aircraft and routes. The airline's certification activities were suspended after the FAA said in March it was increasing its oversight of United following recent safety incidents. The aviation regulator said it would initiate a formal evaluation to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved