Introduction of Inventory-based Cross-border E-Commerce Export Framework under FTP

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....hereby makes the following amendments in the Foreign Trade Policy 2023 with immediate effect: D. Inventory-based Cross-border E-Commerce Facilitation Framework 9.13 Definitions For the purposes of the Inventory-based Cross-border E-Commerce Facilitation Framework, unless the context otherwise requires, the following expressions shall have the meanings assigned to them: i.  'Exporter-on-Record (EOR)' means an entity holding a valid IEC and GSTIN, registered with DGFT under the Inventory-based Cross-border E-Commerce Facilitation Framework, exporting and selling goods procured from one or more Sellers-on-Record to buyers located outside India. Where an e-commerce entity proposes to undertake export operations un....

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....ds shall not include non-transferrable duty remission instruments such as Advance Authorisation or EPCG Authorisation. Refund of taxes to Exporter-on-Record under the Central Goods and Services Tax Act, shall be an Exporter-on-Record entitlement and is not part of Seller-attributable Export Rebates and Refunds. 9.14 Objective of the Framework The objective of this Framework is to enable e-commerce exports through an inventory model under which the Exporter-on-Record holds inventory for export, undertakes export-related processes, exports goods, and assists and enables Sellers-on-Record to access global markets. 9.15 Eligibility and Conditions for Holding of Export Inventory i. An e-commerce entity, other than a marketplace....

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....rds for identification, segregation and maintenance of Export Inventory, and for the digital repository referred to above, shall be as prescribed under the Handbook of Procedures. 9.17 Payment to the Seller-on-Record and Export Rebates and Refunds (ERR) i. The Exporter-on-Record shall make payment to the Seller-on-Record promptly upon acceptance or deemed acceptance of the goods, and in any event no later than 7 days from the date of acceptance or deemed acceptance of the goods by the Exporter-on- Record. Payment to the Seller-on-Record shall not be contingent upon or delayed on account of receipt of payment from the buyer outside India, return of goods by the buyer outside India, or any other event outside the control of the Se....