GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
Notification No. 02/2015-20,
New Delhi, Dated the 11th April, 2016
Subject: Introduction of definition of e- commerce in Foreign Trade
Policy (2015-2020).
S.O. (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
to time, the General Government hereby introduce 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 product, conducted over digital and electronic network. For services
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 the Reserve Bank of India Circular
(RBI/2015-16/185) (DIR Series)
Circular No. 16th 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 Wadhawan)
Director General of Foreign Trade
[Issued from F. No 01/93/180/AM-16/PC-2(B)]
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