Traders body CAIT seeks 'country of origin' for all goods sold in India
Carrying forward its campaign for boycott of Chinese products and purchase of Indian goods, the Confederation of All India Traders urged the Union Commerce Minister Piyush Goyal to make the mention of 'country of origin' mandatory for all products sold in the country, both online and offline.
 
The traders' body has also sought the mention of value addition in the products.
 
"Products not carrying the above description should not be sold in the country and in the event of violation of this provision, the manufacturer, producer, importer or marketer as declared in the packaging should be held responsible and action must be taken against them," said the letter by Praveen Khandelwal, Secretary General of CAIT.
 
According to Khandelwal the concept of value addition will contain the details about the composition of the products whether the product is "100% Made in India" or imported or assembled in India.
 
The demand comes after the government has made it mandatory for sellers to mention the 'Country of Origin' while registering all new products on government e-marketplace (GeM).
 
Further, the Department for Promotion of Industry and Internal Trade (DPIIT) is also considering making the mention of 'country of origin' mandatory for products sold on e-commerce platforms and has talked to the e-commerce players on the issue.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    rs235m

    7 days ago

    Some crooked businessmen import from China and stick "made in India" label over made in China writing.

    COVID Halt: FY20-21 Auto Retail Sales Feared To Crash by 25% to 45%
    India's auto sector retail off-take might just come to a screeching halt as COVID-induced economic contraction hits the brake on showroom sales.
     
    Accordingly, the auto sector is bracing for the mega impact with estimates ranging from 25%-45% deceleration in retail sales in a few segments on a year-on-year (y-o-y) basis for FY20-21.
     
    In fact, the same contraction rate can be expected in wholesales as "stocking activity is currently taking place at dealership level in tune with retail numbers" said Federation of Automobile Dealers Associations' president Ashish Harsharaj Kale.
     
    Even though just an estimate, the forecast is in part co-related to the prediction of an overall dip in India's GDP growth rate.
     
    National and international monetary agencies have cited a range of negative 4.5% to 5% contraction in India's GDP growth rate.
     
    "If the projected economic contraction holds true, it would surely hit the sectors that depend on discretionary spending," Mr Kale said.
     
    "The retail sales will vary from segment to segment but at an overall aggregate level it is expected to fall by 25%-45% across various segments with CV being the worst hit. This fall might also be mitigated by factors such as healthy pick up in rural demand and complete restart of the OEM operations soon."
     
    According to Kale, there has been a slow pickup in sales during June and even supply side is not fully restored. However, he is hopeful of further government support to prop-up the economy and the sector.
     
    "We expect a good pick up by September onwards during the festive season. By that time, hopefully, the complete supply chain will also be restored," Kale said.
     
    "We will also be able to see the positive impact of various schemes under government's stimulus programme, especially in the rural areas."
     
    Besides, Kale pointed out that off-take in rural areas has shown rapid improvement and demand there should bounce back sooner than expected.
     
    "Motorcycle, tractor and small commercial vehicle segment have shown positive movement," he said.
     
    "The bounce back in sales is first expected to take place in rural areas. A good crop last season and expectations of a healthy monsoon and other factors support this prediction."
     
    As per FADA, nearly 85% of all dealerships are operational across the country now.
     
    The Association represents over 15,000 automobile dealers having 25,000 dealerships, accounting for 90% of automobile sales and service in India.
     
    Its members employ over 40 lakh employees in the country at dealerships and service centres with 25 lakh direct employees and another 15 lakh indirect depends.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    Pharma Sector Seeks Clearance of Imported APIs, Medical Devices
    The strict customs scrutiny and non-clearance of imports from China has now hit the pharmaceutical sector— the lifeline amid the pandemic—making industry representatives to reach out to the government and seek urgent clearance of the goods at ports and airports.
     
    In a communication to the Secretary, Department of Pharmaceuticals, the Pharmaceutical Export Promotion Council of India (Pharmexcil) said that it has been inundated with distress calls from its member companies over an acute disruption in manufacturing of pharmaceutical products over the past three days.
     
    The letter was also marked to the prime minister's office (PMO)  and the Directorate General of Foreign Trade among others.
     
    "Very critical KSM's (Key Starting Material), intermediates & API's (Active Pharmaceutical Ingredients) are not being cleared for the reasons not known to the industry at all," said the letter by Dinesh Dua, chairman, Pharmexcil.
     
    Even critical devices such as 'infrared thermometers' and 'pulse oximeters' which are specifically aimed at covid diagnosis as also 'glucometers' and 'strips' are also held up at the Delhi airport, he said.
     
    The letter dated June 27 noted that self reliance or the 'Atamnirbharta' principle will take its own time in a phased and considered manner through the government's incentives such as 'pharma parks' as also 'production linked incentives' (PLI).
     
    Describing the delay in customs clearances as 'man-made' disruptions, the industry body said that they have created tremendous difficulties for the industry and if the clearances are not made on top priority "whatever great work" has been done to maintain the current 90%-100% production and supply chain may get completely diluted.
     
    "We urgently appeal to you to kindly intervene in the matter on SOS and kindly instruct that clearances from customs are permitted and all these materials which are genuine in nature are allowed to be cleared and dispatched to ensure there is no disruption of manufacturing at all under any circumstances," it said.
     
    Pharmexcil is just another industry body which has in the past few days reached out to the government and raised concerns over the delay in customs clearance and its impact on the supply chain.
     
    Previously, the Apparel Export Promotion Council and India Cellular and Electronics Association reached out to the government last week seeking early customs clearance of their imported goods needed in the manufacturing process.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    ramchandranashok

    6 days ago

    Very unfortunate. The Customs should have a time bound frame within which to investigate, else the products should be released, otherwise the cost of the final products will go up and it's our lives which are on the anvil. The Govt authorities shouldn't play with the lives of the masses in this manner. It also does not bode well for Ease of doing business. Small businesses shouldn't collapse due to such artificial hurdles created at every step of doing business in India

    REPLY

    bvgreddy.library

    In Reply to ramchandranashok 5 days ago

    This is the problem with Lobby groups and groups with self interest taking priority over rule of law , They tell only half the story and keep peddling that by adding more masala about how country and people are suffering. Why don't they tell the truth about why they are held up. Both Chennai Customs & Delhi customs has already released details on these. There were delays on two specific days but they were cleared following day on both occasions. And now only products that were held is the ones which were grossly under invoiced to evade the tax. Till know this was very rampant but now govt tightened the screw on this.
    Atleast I expect Money Life to verify and present the facts from both the sides so that people don't get carried away by these motivated groups propaganda.

    Ramesh Popat

    7 days ago

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