New Delhi, Aug. 5 -- The government on Wednesday operationalised inventory-based e-commerce exclusively for exports, requiring interested firms to conduct business through a registered entity as an exporter-on-record (EOR), which can procure goods domestically only against confirmed overseas orders.

"The EOR procures goods from Indian Sellers-on-Record (SORs) against confirmed overseas orders, undertakes exports in its own name, and assumes responsibility for export operations as well as compliance with destination-country requirements," the Ministry of Commerce and Industry said in a statement issued on July 23.

The development is in line with the Foreign Trade Policy (FTP), unveiled on March 31, 2023, which identifies e-commerce as a ...