Circular No. ES/8/2016-17 April 12, 2016
To: Members of the Council
Sub: Introduction of definition of e-commerce in Foreign Trade Policy (2015-2020)
Dear Member,
We wish to inform you that DGFT vide Notification No.02/2015-2020 dated 11th April, 2016 has introduced the definition of e-commerce in Para 9.17A of Chapter 9 of the Foreign Trade Policy (2015-2020).
As you are aware, e-commerce means buying and selling of goods and services including digital products, conducted over digital and electronic network.
For the purpose 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 through 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 Reserve Bank of India Circulars amended from time to time.
Members are requested to make a note of the above.
Thanking You,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
