DGFT Introduces E-commerce Definition for the Purpose of MEIS

[DGFT Notification No. 02 dated 11^th April 2016]

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)

Subject: Introduction of definition of e-commerce in foreign Trade Policy (2015-2020).

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”