: CAIT seeks mention of 'country of origin' for all goods sold in India #FinanceIndia #StockMarketNEWS CAIT seeks mention of 'country of origin' for all goods sold in India New Delhi, Jun 30 (KNN)

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CAIT seeks mention of 'country of origin' for all goods sold in India #FinanceIndia #StockMarketNEWS
CAIT seeks mention of 'country of origin' for all goods sold in India New Delhi, Jun 30 (KNN) The Confederation of All India Traders (CAIT) has 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 on the packing of such product should be held responsible and action must be taken against them, said CAIT in a letter to Piyush Goyal.

According to Bhartia and Khandelwal said that 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 by a combination of imported and Indian material or otherwise and will let the customer know about the exact percentage of contents of all goods.

"We are of the considered opinion that provision of mentioning Country of Origin and Value addition will make the customers fully understand as to what they are purchasing and will obliviate all confusions. Such a provision will also strengthen the " Make in India" concept of Prime Minister Narendra Modi and will also demolish the unethical designs of certain sections to sell imported goods by wrongly labelling " Made in India" on such goods"-said the trade leaders.

The duo further said that since the union government has begun the process of mentioning both above provisions on products sold on GeM from the date of the declaration then there should be no reason for delay from other e- commerce companies and they must implement the same with immediate effect.

Please ensure that on the pretext of implementation, the e commerce companies should not indulge in delaying or making plans to circumvent the decision, they added.

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