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The Economic Times
The Economic Times
Business

Finance Ministry notifies norms allowing e-commerce firms to maintain inventory only for exports

The Department of Economic Affairs under the finance ministry has notified changes in Foreign Direct Investment (FDI) norms to allow e-commerce firms to maintain inventory only for export purposes.

These firms will have to export goods manufactured or produced in India. Also, FDI in inventory-based e-commerce retailing has not been permitted.

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