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September 30 deadline for e-commerce compliance won't be extended

According to sources, some e-commerce firms have asked the government to extend the date

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Neha AlawadhiSubhayan Chakraborty New Delhi
The central government will not extend the September 30 deadline for e-commerce marketplaces such as Walmart-backed Flipkart and Amazon to upload on their websites the reports from their auditors that they are complying with Foreign Direct Investment (FDI) rules.

According to sources, some e-commerce firms have asked the  government to extend the date. Arguing that it took time to streamline their business and to get it further assessed after the latest FDI guidelines took effect in February. Commerce department officials, however, have refused to budge.

Another issue raised by the companies is the lack of a clear format in which the report

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First Published: Sep 26 2019 | 10:06 PM IST

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