INDIA WILL OPPOSE extension of moratorium on customs duties on cross-border e-commerce beyond 2024 and an attempt by a China-led group to bring in investment facilitation agreement within the World Trade Organisation (WTO) framework during the 13th ministerial conference of the global trade regulating body in Abu Dhabi this monthend, a senior official said Tuesday.
The moratorium on customs duty on e-commerce has been in place since 1998 and has seen many twoear extensions since then. India will be seeking an end to it to get back the power to tax electronic transmissions in the conference that will be held from February 26-29.
While there is no bar on taxing cross-border flow of goods through ecommerce, issues have cropped up as digitisation has resulted in many goods like books or movies being delivered digitally, escaping the tax net.
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