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E-commerce definition introduced in Foreign Trade Policy- (Ministry of Commerce and Industry) (11 Apr 2016)

MANU/DGFT/0045/2016

Commercial

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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