Ministry of Commerce and Industry

11.04.2016

Commercial

E-commerce definition introduced in Foreign Trade Policy

MANU/DGFT/0045/2016

The Ministry of Commerce and Industry introduced a definition for ‘e-commerce’ in Chapter 9 of the Foreign Trade Policy 2015-2020. It is defined as the “buying and selling of goods and services, including digital products, conducted over digital and electric network.” For the purposes of Merchandise Exports from India Scheme, export of goods hosted on a website accessible through the internet to a purchaser will fall under the definition of e-commerce.

Relevant

Processing payments by Online Payment Gateway Service Providers MANU/APDR/0075/2015

Tags : Dgft foreign trade policy e-commerce

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