E-commerce export payments must use electronic means consistent with Reserve Bank of India guidelines under postal export regulations. Regulation 3 of the Exports by Post Regulations, 2018 defines "Act", "e-commerce" and "Form", and adopts Customs Act, 1962 meanings for undefined terms. ... Summary
E-commerce export payments must use electronic means consistent with Reserve Bank of India guidelines under postal export regulations.
Regulation 3 of the Exports by Post Regulations, 2018 defines "Act", "e-commerce" and "Form", and adopts Customs Act, 1962 meanings for undefined terms. E-commerce includes internet-based buying and selling through an e-commerce platform, with payment through various electronic means in accordance with Reserve Bank of India guidelines. The e-commerce definition was amended to broaden the permitted payment reference beyond international credit or debit cards.
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