Alibaba can't ship its goods as gifts to India
By MYBRANDBOOK
The government has issued an order that shipments from Chinese e-commerce platforms like Alibaba can’t be shipped to India as gifts from now on. The government ordered a clampdown in order to check for goods allegedly sent to India under the guise of gifts. The move by customs department is expected to tighten the noose on e-commerce platforms that often exploit the loopholes existing in laws and regulations. Officials point out the clampdown will also have an impact on illegal food products and spurious cosmetics being smuggled into India.
The development comes, as per the report, after the authorities received complaints that several Chinese online platforms, including Shein, Club Factory and AliExpress, were avoiding duties by sending goods as ‘gifts’ to customers giving them unfair advantage against the competitors. The Chinese manufacturers exploit Indian law that exempts NRIs from paying duties on gifts worth as high as Rs 5000 that they sent to relatives. This brings the prices of such goods down and gives them an unfair advantage over sellers on domestic and e-commerce marketplace.
Chinese e-commerce sites have been steadily rising in India. Products on these sites are at least 50-60% cheaper than on Indian e-commerce sites. The move will give a fillip to domestic sellers facing competition from Chinese e-tailers.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
SAMRIDDHI AUTOMATIONS PVT. LTD.
TP-LINK INDIA PVT LTD.
CP PLUS INDIA PVT. LTD.
BHARAT ELECTRONICS LTD.
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...