Inventory-based e-comm model cleared for exports
New Delhi, Aug. 6 -- The government on Wednesday operationalised inventory-based e-commerce exclusively for exports, requiring interested firms to carry 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.
Indian laws do not allow e-commerce firms operating in the domestic market to carry any inventory; they are only allowed to serve as platforms.
The d...
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