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.