New Delhi: The commerce ministry on Wednesday notified procedures for online companies to undertake inventory-based cross-border e-commerce.The government recently allowed e-commerce firms, having foreign stakes, to keep inventory only for export purposes."The operational procedures for the implementation of the inventory-based cross border e-commerce facilitation framework, including registration of exporters-on-record, inventory management, seller visibility, reverse logistics, compliance certification, dispute resolution, and related procedural requirements of exporters-on-record are hereby notified with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a public notice.
Commerce ministry notifies norms for inventory-based e-commerce exports
New Delhi has notified procedures for online companies undertaking cross-border e-commerce. The government recently allowed foreign-stakes e-commerce firms to hold inventory for exports. Operational procedures for this framework are now notified with immediate effect. These include registration, inventory management, and dispute resolution mechanisms. The Directorate General of Foreign Trade issued this public notice.
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