Supreme Court: Companies Can Face Prosecution Without Individual Officers Being Named || SC: Penalties on Insolvent Developers cannot be Recovered from Homebuyers as CIRP Costs || Allahabad HC: ‘Sar Tan Se Juda’ Hits Sovereignty, Unlike ‘Allahu-Akbar’, ‘Jai Shri Ram’ || Kerala High Court: Married Woman Cannot Claim Sex Was Based Solely on Promise of Marriage || Madras High Court Refuses Equal Recitation of Tamil Hymns With Sanskrit at Meenakshi Temple || Delhi HC: Absence of ‘Penetration’ In Child Victim’s Testimony Not Enough to Acquit Rape Accused || J&K High Court: Possession of Allegedly Anti-National Book Cannot Justify Preventive Detention || Delhi High Court: DNA Evidence Proves Sexual Intercourse, Not Consent || Madras High Court Upholds Appointment of District Judges as Tamil Nadu Lokayukta Secretary || Allahabad High Court: IO’s Mere Apprehension Cannot Justify Withholding Seized Items

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

Share :