CUTS International wants anti-profiteer fine sent to consumer fund

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CUTS International urged Finance Minister Nirmala Sitharaman to ensure that penalties imposed under the Central GST Act 2018 for profit are credited to the Consumer Welfare Fund.

CUTS International is a consumer research and advocacy group.

In a letter, CUTS General Secretary Pradeep S Mehta said that in 1992, through a revision of the Central Salt and Excise Law of 1944, the Consumer Welfare Fund was established to credit all the money claimed by the manufacturer against the recovery of the excess excise duty.

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The Consumer Welfare Fund, under the umbrella of the Department of Consumer Affairs, has provided financial support to promote and defend consumer welfare and educate consumers, while strengthening the consumer movement in the country, especially in rural areas. .

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“In this fund, the money, which is not refundable to manufacturers on the basis of a dispute, is credited. After all, the money was collected from consumers by such companies and they would have been unjustly enriched if the amount had been refunded to them, ”the organization added.

He noted that so far 800 crore in penalties have been levied by the anti-profiteering authority from companies and another 3,000 crore is expected in the future.


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