Govt Operationalises New Framework To Spur Ecommerce Exports
India, Aug. 6 -- More than a week after exempting B2B ecommerce exports from foreign direct investment (FDI) rules, the government has now notified the new norms to enable online marketplaces to export products from India.
In a circular dated August 5, the Directorate General of Foreign Trade (DGFT) rolled out a new operating framework to enable "inventory-based cross-border ecommerce". Clubbed under Foreign Trade Policy, 2023, the new policy creates a registration process for marketplaces looking to export products from the country.
The rules come into effect immediately, read the DGFT circular.
The new framework outlines how B2B ecommerce exports will work in practice. It covers registration, inventory handling, seller visibility, re...
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