FDI in E-Commerce

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..... FDI in E-Commerce - News and Press Release Dated:- 16-3-2016 - News - Press Information Bureau Government of India Ministry of Commerce Industry 16-March-2016 18:11 IST Enforcement Directorate conducts investigations under the Foreign Exchange Management Act, 1999 (FEMA) for possible contravention of FDI norms/ policy by various entities as and when any credible informat .....

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..... ion is received in this regard. Based on the outcome of the investigation, appropriate action under the provision of FEMA is taken in such cases. With a view to promote foreign investment, as per regulations framed under Foreign Exchange Management Act, (FEMA) 1999 , FDI up to 100% under the automatic route is permitted in companies engaged in e-commerce provided that such companies would enga .....

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..... ge in Business to Business (B2B) e-commerce. Foreign investment in Business to Customer (B2C) e-commerce activities has been opened in a calibrated manner and an entity is permitted to undertake retail trading through e-commerce under the following circumstances: (i) A manufacturer is permitted to sell its products manufactured in India through e-commerce retail. (ii) A single brand retai .....

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..... l trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce. (iii) An Indian manufacturer is permitted to sell its own single brand products through e-commerce retail. Indian manufacturer would be the investee company, which is the owner of the Indian brand and which manufactures in India, in terms of value, at least 70% of its product .....

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..... s in house, and sources, at most 30% from Indian manufacturers. This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today. ******* RC/nb - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax .....

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..... TMI - TMITax .....

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