India's Commerce Ministry Issues New Cross-Border E-commerce Export Norms
India's Commerce Ministry has released new operational procedures for cross-border e-commerce exports, allowing foreign-funded e-commerce companies to manage inventory for export purposes. The new regulations cover exporter registration, inventory management, seller visibility, and compliance certifications, effective immediately.
What are the key facts?
- 1Allows foreign-funded e-commerce companies to manage export inventory
- 2Involves exporter registration, inventory management, and compliance certification
- 3Effective immediately
What happened?
India's Commerce Ministry has notified procedures for online companies engaging in inventory-based cross-border e-commerce exports. E-commerce companies with foreign equity can now hold inventory solely for export purposes. The new regulations include requirements for exporter registration, inventory management, seller visibility, reverse logistics, compliance certification, and dispute resolution, effective immediately.
What does this mean for cross-border sellers?
The clarification of India's cross-border export policies provides sellers with a clearer compliance pathway, beneficial for expanding the global export of Indian manufactured goods.