FOREIGN TRADE POLICY

MISCELLANOUS PROVISIONS (OTHER CHAPTERS)

CHAPTER 9 – PROMOTING CROSS BORDER TRADE IN DIGITAL ECONOMY

 A new chapter is introduced to provide framework for cross-border trade of goods and services from India in the digital economy and the promotion of e-Commerce.

 The terms “E-Commerce export of goods” & “E-Commerce export of Services” is separately defined to mean export of goods/services where selling is through the internet on e-Commerce platform, the payment for which shall be done through international credit or debit cards, or other authorized electronic payment channels and as specified by the RBI from time to time.

 The term “E-Commerce” as defined at Para 11.17 of the FTP means buying and selling of goods through the internet on an e-commerce platform, the payment for which shall be done through international credit or debit cards, or other authorized electronic payment channels and as specified by the Reserve Bank of India from time to time. However, the aforesaid definition does not include buying and selling of services through the internet on e-commerce platform.