The committee formed for safeguarding rights of scammed e-commerce consumers will submit a report with recommendations within one month to restore discipline in the sector.

“According to the mandate we will determine a method for recovering the lost money of consumers in e-commerce and will send it to the cabinet”, said Additional secretary of the Commerce Ministry AHM Shafiquzzaman on Monday

He said this to journalists on Monday after attending a meeting held in this regard at the secretariat.

Also read: Money laundered by e-commerce firms to be recovered: Murad Hassan

“Arrangements will be made according to the cabinet’s decision. For Evaly the High Court itself is appointing administrators which can be followed for others too,” he said.

From June 30 an escrow system has been introduced where a third party holds the payment money until the product is delivered properly, said the additional secretary.

“The report will include recommendations on bringing all the e-commerce sites under one payment gateway and bringing them under VAT, TAX.” he said.

A total of eight recommendations will be sent to the cabinet within a month for securing the consumer rights, said Shafiquzzaman.

According to which policy makers will be able to make a digital commerce guideline or a way to bring e-commerce under discipline, he added.

The additional secretary said, the incidents regarding e-commerce have definitely caused damage which has to be repaired for taking it forward.

Also read: HC wants to know steps taken to prevent money laundering by e-commerce firms

Regarding the registration of e-commerce, the official said a format has already been made and the committee is working on the online registration process now.

“A meeting will be held next week in this regard,” he said.