No. 4(1)/2021-FDI Policy Government of India Ministry of Commerce & industry Department for Promotion of Industry & Internal Trade FD! Policy Section Udyog Bhawan, New Delhi Dated: 22 March, 2022 To, Ravi Pandey, Bldg C3, Flat 801, Bramha Sun City, Pune, Maharastra Email: pandey.ravi@hotmail.com Subject: Grievance of Shri Ravi Pandey reg. no. DOIPP/E/2022/00280 dated 10.03.2022 The undersigned is directed to refer to your grievance no. DOIPP/E/2022/00280 dated 10.03.2022 and to state that your views have been noted. The present Foreign Direct Investment (FDI) Policy, permits e-commerce entities to engage only in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce. Detailed FDI policy provisions with regards to e-commerce is given at Para 5.2.15.2 of the Consolidated FO! Policy Circular dated 15.10.2020 (FDI Policy) which may viewed at https://dpiit. gov.in/sites/defaultifiles/FDI-PolicyCircular 2020-29October2020. pdf. Further, in terms of Para 3 of Annexure 5 of the FDI Policy, FDI is a capital account transaction and thus any violation of FDI are covered by the penal provisions of the FEMA. Reserve Bank of India administers the FEMA and Directorate of Enforcement under the Ministry of Finance is the authority for the enforcement of FEMA. The Directorate takes up investigation in any contravention of FEMA. 2. This issues with the approval of the Competent Authority Yours Sincerely Geb Le 79°" 5) u (Mira Sethi) Deputy Director Email: mira.sethi@gov.in Copy to PR&G Section, DPIIT (for information)