Over the past few years, I have argued :
Ø “ E
Commerce “ is , more or less , the same as “ Good Old Commerce “, where some
elements of commercial transactions ( eg; Disply / Ordering / Payments / Sale
etc ) ,have gone “ Online “ instead of remaining
“ Offline / Across the Counter “
Ø With
each passing day , more and more commercial transactions are going “Online “
Ø One
day soon, everything will get sold “ Onlne “ / delivered “ Offline “
Ø There is even a distinct possibility that a few things may get “
Delivered Online “ ( - and, I was not talking of “ Services “
but online delivery of “ Physical Goods “ masquerading as “ software
“ )
Here is how I illustrated my
last point :
======================================================
E
Commerce Definition : a Space Ship ? …………………………………………………… 05 July 2018 ]
Extract :
At which “ Level “ of Value Addition , does a product
become “ local “ ?
And if I download a " Product Drawings / Design " over the internet and then " 3D Print " it in my garage ( using "
imported " resins ) , then is that a " local " product ?
=========================================================
What
else is illegal to sell online ? …………………………………………………………………[
13 Dec 2018 ]
Extract :
Time is not far when every “ product “ will sell
online . Most “ services “ have already gone online
How long will it take our Law-makers to come up
with an amendment to our Drug and Cosmetics Act (1940) to regulate any Indian
to 3D printing of customized drugs at home ?
Those who need convincing re this possibility,
may want to read up :
Made-on-demand, complex and personalized 3D-printed drug
products
( First 3D printed drug product was approved by FDA in August 2015. )
3D printing drugs: more precise, more personalised
( One day the patient may
even be able to print their repeat medications at home using a personal machine )
======================================================
It is heartening that Indian Authorities have finally
realized the possibility of the above-mentioned scenario , as evident from
following news report :
Extract :
India
has proposed imposing customs duties on computer-aided design, or CAD, files, which
are necessary for 3D
printing, while pitching its case for countries to be able to tax
electronic transmissions. Electronic transmissions are at present immune from
taxation in the World Trade Organization (WTO) under a moratorium.
If
the moratorium continues, India argued at the WTO, foreign firms will be able
to export any software
duty-free to developing countries to 3D print products that they
currently manufacture
“An
important policy instrument available for this purpose would be to impose
customs duties on CAD files necessary for 3D printing,” India said at WTO’s General Council meeting
earlier this week.
Rejecting
their proposal, which is based on an OECD study of last year, India said: “We
do not agree with the OECD assessment that technologies such as 3D printing are
unlikely to have far-reaching implications on trade in the near term.
” IF CURRENT GROWTH OF INVESTMENTS IN
3D PRINTING CONTINUES, 50% OF THE MANUFACTURED GOODS WILL BE ‘PRINTED’
IN 2060 AND IF INVESTMENTS IN 3D PRINTING DOUBLES, THIS TARGET WILL BE
ACHIEVED IN 2040, INDIA SAID, CITING STUDIES.
“This will wipe out
almost 40% of cross-border physical global trade,” it said.
New
Delhi also said not all software would fall within the scope of the moratorium
as some of them could be delivery of services through Mode 1 or cross-border
supply.
It
also emphasised that removal of the moratorium does not mean countries will
necessarily impose customs duties across the board
=========================================================
Dear Shri Piyush
Goyalji,
Please , treat and “ Regulate / Tax “ E-Commerce as
Normal Commerce . It is the NEW NORM
A NEW
ECONOMIC ORDER ? aka " Start Up Act - 2015 " ……………………….[ 12 Sept 2015 ]
Then again, how about looking upon this THREAT as an
OPPORTUNITY ?
An American
software engineer designing / coding a CAD software
for 3D printing of industrial components, would cost approx. $ 120,000 /
year ( $ 60 / hour
)
AS against this, an Indian software engineer would earn
Rs 70,000 pm ( $ 1,000 pm ) , which would work out to $ 5 / hour [ less
than one tenth the USA cost ]
How about coming out with a ,
“ CAD Software Export Promotion Scheme “
,
under which our software engineers ( existing 6 million
+ 1.5 million graduating each year ), are eligible for “ interest – free “ loans of Rs 5 lakh ( for desktop + Broadband
Internet ) , repayable over 10 years – and during
which, no liability for Personal Income Tax ( of
course, he would need to register as described at ) :
A NEW
ECONOMIC ORDER ? aka " Start Up Act - 2015 " ……………………….[ 12 Sept 2015 ]
With regards,
Hemen Parekh / hcp@RecruitGuru.com /
19 July 2020
========================================================
Related Readings :
E - Commerce is Easy Commerce ! ……………………………………………………….[ 15 Nov 2015 ]
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