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Government unlikely to extend February 1 deadline for e-tailers

Updated : January 25, 2019 06:22 AM IST

The commerce and industry ministry is not in favour of extending the deadline of February 1 for implementing the revised guidelines for ecommerce companies having foreign direct investment, said sources familiar with the matter.

Both Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised norms, stating that they need more time to understand the details of the framework.

While Amazon has asked for time until June 1 this year, Flipkart has asked for six months.

On December 26, 2018, the government tightened norms for e-commerce firms and barred online retailers like Flipkart and Amazon from selling products of the companies in which they have stakes.

With inputs from PTI.
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