Team Blitz India
NEW DELHI: Steps such as increasing awareness, easier documentation, simplified customs processes and standard operating practice for product returns would help in promoting the country’s exports through e-commerce medium, according to a report by industry body FISME.
Certain other measures which would help the sector include lowering charges for Export Data Processing and Monitoring System (EDPMS); easier reconciliation of remittances for export receipts from abroad through a reassessment of the current 25 per cent variation between exports and payments; and raising the 9-month limit on receiving payments for exports for e-commerce.
Over 90 per cent of e-commerce exporters in India are MSMEs (most of them micro and small enterprises) and, therefore, a strategy for e-commerce exports must focus on MSMEs spread across the nation to sell their products to global markets, FISME said.
The FISME and IKDHVAJ Advisers LLP report has flagged a number of issues that need to be looked upon to promote exports through e-commerce medium.
