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<h1>Electronic commerce defined as supply or receipt of goods or services and transmission of funds or data over the internet.</h1> Electronic Commerce means supply or receipt of goods and/or services, or transmission of funds or data, over an electronic network primarily the internet using applications like e mail, instant messaging, shopping carts, web services, UDDI, FTP and EDI, irrespective of whether payment is conducted online and irrespective of whether the ultimate delivery is performed by the operator.