Rs 78 Lakh Penalty Imposed on E-Commerce Companies

 

The Union Minister of State for Consumer Affairs, Food and Public Distribution has informed that for violations of declaration by e-commerce companies, 38 notices during the period of 16th October, 2020 to 31st December, 2020, 232 notices during the period 1st January 2021 to 31st December, 2021 and 178 notices during the period 1st January, 2022 to 11th July, 2022 have been issued by concerned department.

Further, an amount of approximately Rs 77, 90,500 in the form of compounding fees has been realized from e-commerce companies.

As per the rule an E-Commerce entity shall ensure that name and address of the manufacturer or packer or importer, maximum Retail Price (MRP), Country of Origin, Common or Generic name of the commodity, Net Quantity, Month and Year of manufacture, Customer Care details etc shall be displayed on the digital and electronic network used for e-commerce transactions.

This is to ensure that the consumer is taking an informed and conscious decision based on the declaration of the product on the E-Commerce platform.

Click here for official press release:


Knowledge Source :

More Than 2 Crore ITRs Filed Till Date

Leave a Reply

Your email address will not be published. Required fields are marked *