{"id":44161,"date":"2016-04-16T14:39:14","date_gmt":"2016-04-16T09:09:14","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=44161"},"modified":"2016-05-11T17:49:21","modified_gmt":"2016-05-11T12:19:21","slug":"introduction-of-definition-of-e-commerce-in-foreign-trade-policy-2015-2020","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/16\/introduction-of-definition-of-e-commerce-in-foreign-trade-policy-2015-2020\/","title":{"rendered":"Introduction of definition of e \u2013 commerce in Foreign Trade Policy (2015-2020)"},"content":{"rendered":"<p style=\"text-align: justify;\">The Central Government in exercise of power conferred by Section 5 of FT (D&amp;R) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-2020 introduces the definition of e \u2013 commerce in Chapter 9 of the Foreign Trade Policy (2015-2020) as under: 9.17A:<\/p>\n<p style=\"text-align: justify;\">\u201ce \u2013 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 \u2013 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 \u2013 commerce platform shall be done through international credit\/debit cards and as per the Reserve Bank of India Circular (RBI\/2015-16\/185) [A.P. (DIR Series) Circular No.16 dated September 24, 2015] as amended from time to time.&#8221;<\/p>\n<p style=\"text-align: right;\">-MINISTRY OF COMMERCE AND INDUSTRY<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Government in exercise of power conferred by Section 5 of FT (D&amp;R) Act, 1992, read with paragraph 1.02 of the <\/p>\n","protected":false},"author":3,"featured_media":28141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-44161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introduction of definition of e \u2013 commerce in Foreign Trade 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A Notification (No. 52\/2015-2020) issued by Directorate General of Foreign Trade, Ministry of Commerce & Industry says that amendments in this regard have been made in\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7248,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/21\/council-for-trade-development-and-promotion-to-be-constituted-with-immediate-effect\/","url_meta":{"origin":44161,"position":5},"title":"Council for Trade Development and Promotion to be constituted with immediate effect","author":"Sucheta","date":"July 21, 2015","format":false,"excerpt":"On 03.07.2015, the Ministry of Commerce and Industry issued a notification to constitute the Council for Trade Development and Promotion with immediate effect. 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