The Indian e-commerce Industry has witnessed rapid growth from past few years and still growing very fast. Import export courses online knows better on how e-commerce has changed the world in today’s time and why it is important. Import export course in Ahmedabad will teach you how e-commerce started to gain popularity with no time.  The expansion of e-commerce started expanding from 1999, and speed up with increasing internet and availability and accessibility of smartphones.   According to IBEF, India’s e-commerce market has the potential to grow more than four times to US$ 150 billion by 2022.  The rapid growth of e-commerce in India is also because of GST, which has replaced the multi-tax regime with single tax system, which provide small sellers the opportunity to be in the competition and compete with large corporates, that too in the sale of goods and services.  If you are also in e-commerce business or interested in it than join import export consultancy services and give your business a new turn of success.  There are few e-commerce export policies that every e-commerce business owner should be aware of for the betterment of their future. The Indian government has revised some of the policy in the favour of business owners that you should be aware of.

Here we have explained you the new Export Policy of E-Commerce:

1 Separate e-commerce policy under logistic policy- To promote e-commerce government has included this in logistic policy. Through this policy e-commerce export logistic will become easy.  2 Increase in existing cap of INR 25,000 for courier exports- Till now cargo worth more than 25,000 was exported in commercial mode, which is a slow and lengthy process. Now you can courier cargo around 1 lakh through couriers which will be faster.  3 Dispensing RBI requirement of postal bill of exports against transaction reference number of consignment number- The documentation process is long and tough. Under this policy documents will be reduced and the process will be available online too and that’s a benefit for exporter.  4 Implementation of electronic data interchange mode at courier terminals- Government will introduce EDI system to all the international airports so you can export e-commerce from anywhere and the process will become easy.  5 Reducing transaction cost waiving off collecting fee on applications- Earlier exporter use to pay heavy amount even for a small courier or small transaction. Now Indian government will reduce the transaction cost to make it profitable.  6 Centralizing EDPMS with RBI for claiming MEIS- Commercial banks impose a charge of INR 100 per shipping bill for Bank Realization Certified (BRC) processing. Obtaining EDPMS data from RBI would eliminate the need to obtain BRC for claiming MEIS.  

7 Setting up air freight station- To support e-commerce government will build air freight station near airport. So, that cargo remains at the station, no load to airport and only ready cargo will move to airport.  8 Negotiating lower costs with international freight carriers- Start-ups and new business can’t afford high logistics. So, our government will negotiate international freight carriers and will provide a good rate to new exporter. This will make our product more competitive.  The Indian Government increased the limit of foreign direct investment in e-commerce to 100 percent in order to encourage foreign participation in the field (in B2B modes). 

Conclusion- 

The Indian e-commerce industry has expected to surpass the USA to become the second largest e-commerce market in the world by 2034. Hope you like this blog. To know more about e- commerce policy and to start an e-commerce business join Digital Exim advanced export import course.  To know more about import export business, join our webinar and get guidance by experts to start a new life.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do visit our Website!