E-commerce Firms Will Be Told to Check Counterfeiting

January 16, 2016 by admin News 0 comments

NEW DELHI: The activities of selling counterfeit products on e-commerce platforms are posing a real threat to the country’s economy. Expressing concern over sale of fake products on the e-commerce platform, the Central Board of Excise and Customs on Friday said it is considering putting in place a voluntary code of practice for e-retailers to curb illicit trade.
Najib Shah, chairman, CBEC said, “New challenges are emerging for customs. E-commerce is one such major area of vulnerability. E-commerce in India provides an unparalleled platform for sellers of both genuine and counterfeit products. So, we are looking at possibility of introducing voluntary code of practice for e-retailers.”

http://www.newindianexpress.com/business/news/E-commerce-Firms-Will-Be-Told-to-Check-Counterfeiting/2016/01/16/article3229670.ece