E-commerce flash sales news: Modi govt says discount or sale to continue, only 'fraudulent' sales will be probed
After the Central government on Monday invited public comments on banning fraudulent sales and propose amendments to the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs on Tuesday said that discount or sale will continue on e-commerce websites.
After the Central government on Monday invited public comments on banning fraudulent sales and propose amendments to the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs on Tuesday said that discount or sale will continue on e-commerce websites. It said that a new rule has been incorporated in the proposed draft rule to prevent people from falling for the fraudulent sales and companies in the name of FLASH sale.
See Zee Business Live TV Streaming Below:
The department further clarified that the new draft is not stopping the business activities of these e-commerce portals.
"Every flash sale will not be investigated. Only the one against which a complaint has been filed/registered will be probed. It has been made mandatory for e-commerce companies to provide full details of import or manufacturing of every product," said the Department of Consumer Affairs.
Earlier on Monday, the Centre proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 and sought public comments on banning fraudulent flash sales and mis-selling of goods and services on e-commerce platforms and also on making registration of these entities mandatory with DPIIT, said news agency PTI.
Ban on misleading users by manipulating search results, and appointment of chief compliance officer and resident grievance officer are some of the other amendments being proposed.
E-commerce entities are also required to provide information not later than 72 hours of the receipt of an order from a government agency for prevention, detection and investigation and prosecution of offences under any law, as per the proposed amendments.
The Consumer Protection (E-Commerce) Rules, 2020 were first notified in July last year. Their violations attract penal action under the Consumer Protection Act, 2019.
"Views/ comments/ suggestions on the proposed amendments may be sent within 15 days (by July 6, 2021) by email to js-ca@nic.in," informed Ministry of Consumer Affairs, Food & Public Distribution, through a press release on Monday.
E-commerce flash sales news: Modi govt says discount or sale to continue, only 'fraudulent' sales will be probed
Keywords: flash sales, ecommerce website, ecommerce website new rule, flash sale, flash sales, flash sales news, flash sale banned, flash sales banned, flash sale meaning , flash sales meaning, flash sale trick, flash sales banned in india, Ministry of Consumer Affairs Food & Public Distribution
After the Central government on Monday invited public comments on banning fraudulent sales and propose amendments to the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs on Tuesday said that discount or sale will continue on e-commerce websites. It said that a new rule has been incorporated in the proposed draft rule to prevent people from falling for the fraudulent sales and companies in the name of FLASH sale.
The department further clarified that the new draft is not stopping the business activities of these e-commerce portals.
"Every flash sale will not be investigated. Only the one against which a complaint has been filed/registered will be probed. It has been made mandatory for e-commerce companies to provide full details of import or manufacturing of every product," said the Department of Consumer Affairs.
Earlier on Monday, the Centre proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 and sought public comments on banning fraudulent flash sales and mis-selling of goods and services on e-commerce platforms and also on making registration of these entities mandatory with DPIIT, said news agency PTI.
Ban on misleading users by manipulating search results, and appointment of chief compliance officer and resident grievance officer are some of the other amendments being proposed.
E-commerce entities are also required to provide information not later than 72 hours of the receipt of an order from a government agency for prevention, detection and investigation and prosecution of offences under any law, as per the proposed amendments.
The Consumer Protection (E-Commerce) Rules, 2020 were first notified in July last year. Their violations attract penal action under the Consumer Protection Act, 2019.
"Views/ comments/ suggestions on the proposed amendments may be sent within 15 days (by July 6, 2021) by email to js-ca@nic.in," informed Ministry of Consumer Affairs, Food & Public Distribution, through a press release on Monday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
03:35 PM IST