Skip to main content

MRP, other details must for items sold online from 2018 Tightening Norm for online sellers

By

To protect online consumers, the government has made it mandatory for e-commerce companies from January 2018 to print not only the MRP (maximum retail price) on goods but also information such ad expiry date and customer care details.

An amendment in this regard has been made to the Legal Metrology (Packaged Commodities) Rules, 2011, by the consumer affairs ministry last month. A six-month deadline has been given to the companies to comply with the new rule.

“Consumers deserve the same protection online as offline.
A six-month deadline has been given to the companies to comply with the new rule

At present, only MRP is printed on the goods sold online Govt has asked the companies to declare additional details on the label If an online seller does not comply from printed on the goods sold online. We have asked the companies to declare additional details on the label,” a senior official in the consumer affairs ministry said.

Along with MRP, the companies January 2018 it will face stringent action Companies have to make these declarations in bigger font size so that consumers can easily read them Changes come in the backdrop of e-marketplaces posing new and complex consumer protection issues have to declare manufacturing date, expiry date, net quantity, country of origin and consumer care details on the label, he said.

Enough time has been given to the companies for complying with the new norms. From January 2018, it is must that goods sold via e-commerce platform should have all these declarations else the companies will face stringent action, the official said.

The companies have to make these declarations in bigger font size so that consumers can easily read the same.

The changes come in the backdrop of e-marketplaces posing new and complex consumer protection issues with the ministry receiving several complaints as regard to information deficit on online products/goods.

Flipkart, Amazon India, Snapdeal, Grofers and Bigbasket are some of the leading e-marketplaces entities operating in the country.

Business Standard, New Delhi, 10th July 2017

Comments

Post a Comment

Popular posts from this blog

Data storage norm splits digital payments industry

By
Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...
18 comments
Read more

Sebi to finalise options in commodities today

By
The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...
17 comments
Read more

E tailers global warehouses may come under tax net

By
E tailers  global warehouses may come under tax net Warehouses of e-commerce companies based in countries such as Australia, Japan, Italy,  Spain, the Netherlands, and Russia may not be exempted from paying the income tax in India  once the multilateral instrument (MLI) to prevent base erosion and profit shifting (BEPS)  comes into force. BEPS refers to the reporting framework mooted by the Organisation for Economic  Co-operation and Development (OECD) and signed by over 100 countries, including India, to  prevent exploiting gaps and mismatches in tax rules to shift profits by multinational  companies (MNCs) artificially to low-tax regimes. The representatives of 68 countries on June 7 this year signed an agreement (MLI) in Paris  to amend their tax treaties to bring them in alignment with measures to prevent BEPS.  However, there is still time for synchronising tax treaties with the multilateral  instrument. India has submitte...
17 comments
Read more