N 2/2016

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To be published in the Gazette of India Extraordinary Part-ll, Section - 3, Sub-Section (ii))

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade | NotificationNo. /2015-2020 New Delhi, Dated: j ; April, 2076 Subject: Introduction of definition of e — commerce in Foreign Trade Policy (20152020). 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 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 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/201516/185) [A.P. (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 Wadhawan) Director General of Foreign Trade E — mail:dgft[at]nic[dot]in

[Issued from F. No. No. 01/93/180/16/AM-16/PC-2 (B)]

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