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 Ministry Of Finance (Central Board Of Direct Taxes) Notification

Introduction of definition of e-commerce in foreign Trade Policy (2015-2020)
April, 13th 2016

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)]

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