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CAIT protest on Thursday against foreign e-commerce firms violating laws
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SME Times News Bureau | 22 Sep, 2021
Strongly opposing the open violation of the laws by the big foreign
companies in the Indian e- commerce business, the Confederation of All
India Traders (CAIT) will hold a protest on Thursday.
Thousands
of trade organizations associated with CAIT in more than 500 districts
across the country including Delhi will give memorandums to the
district collectors in all states demanding a CBI inquiry into the
matter and immediate rolling out of proposed e-commerce rules under the
Consumer Protection Act.
Leaders of more than 20,000 trade
organizations of the country will participate in this programme. CAIT is
running a national campaign on e-commerce for a month from September 15
to October 15 regarding the rigging in the e-commerce business. In this
context, CAIT has convened an emergent meeting of its national
governing counsel at Varanasi on September 30 and October 1 in which
almost 150 prominent trade leaders of the states will be taking part to
discus the state of e-commerce business in India, steps taken by the
Government and to decide the future course of action.
CAIT
National President B C Bhartia and Secretary General Praveen Khandelwal
on Wednesday demanded from the Government a forensic audit of the
financial statements submitted by Amazon in previous years to know
whether the money paid to lawyers was used in bribing Government
officials or other persons.
They also said that looking at the
irregularities committed by Amazon, it is required that a comprehensive
investigation including by the Income Tax Department, Central and State
GST departments, SEBI, Ministry of Corporate Affairs, CCI and ED should
be conducted simultaneously to bring out the truth of their business
model.
CAIT said that it is for the Government to decide whether
it wants to allow foreign funded companies to keep violating the law and
treating India as a banana republic and give a message to the world
that India's laws are weak .
Now is the time to establish the
supremacy of the law and rules of the Government and the 8 crore traders
of the country will leave no stone unturned to ensure that no new
version of the East India Company should ever take shape in India, CAIT
said.
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