Introduction of definition of e-commerce in foreign Trade Policy (2015-2020) - 2/2015-20 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No 2/2015-20 New Delhi, Dated : 11 April, 2016 Subject : Introduction of definition of e-commerce in foreign Trade Policy (2015-2020) S.O. 1385 (E) In exercise of powers conferred by Section 5 of FT (D R) Act 1992 read with paragraph 1.02 of the Foreign Trade Policy 2015-2020 as amended from time to time the Central Government hereby introduces the definition of e-commerce in Chapter 9 of the Foreign Trade Policy (2015-2020) as under 9.17A : e-commerce means buying and selling of goods and services including digital products, conducted over digital and electronic network. For the purposes of merchandise Exports from India Scheme (MEIS) e-commerce shall mean the export of goods hosted on a website accessible through the internet to a purchaser. While the dispatch of goods shall be made though courier or postal mode as specified under the MEIS the payment for goods purchased on e-commerce platform shall be done through international credit/debit cards and as per the Reserve Bank of India Circular (RBI/2015-16/185) [AP (DIR Series) Circular No. 16 dated September 24 2015] as amended from time to time 2. Effect of this Notification Definition of e-commerce for the purpose of MEIS under FTP 2015-2020 is introduced in Chapter 9 of the Foreign Trade Policy (2015-2020) (Anup Wadhwan) Director General of Foreign Trade E-mail : dgft[at]nic[dot]in [Issued from F. No. 01/93/180/16/AM-16/PC-2(B)]