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brief introduction about E-Commerce
Commerce or e-commerce is said to bring about a paradigm
of change in the world of trading. E-Commerce can be
broadly defined as 'Any form of business transaction
in which parties interact electronically rather than
by physical exchanges of documents or direct meetings
amongst officials. "E-Commerce is simply doing
business online". It can mean selling data directly
from the web site or offering applications for download
after they are purchased online.
The coverage of e-commerce is tremendously flexible.
Anyone with a business, or with an idea, anyone currently
employed, wishing to set up his/her own business and
lastly anyone with a penchant for money can set up his
own business through e-commerce.
can be classified into four basic types
2) Business-Business (B2B)
3) Business-Administration (B2A)
4) Consumer-Administration (C2A)
Business - Consumer category has expanded greatly with
the advent of the world wide web. there are now shopping
malls all over the internet offering all kinds of consumer
goods.E-commerce provides every customer an opportunity
to search for the desired products and services.
Business-Business category: An example would be a company
that uses a network or the Internet for ordering from
its suppliers, recieving invoices and making payments..
This category of e-commerce has been well established
for several years, though its true potential is now
being exploited through the medium of Internet.
in Business-Administration is still relatively underdeveloped
and almost non-existant in the case of India. However,
it has great potential for taxation and government tender
and procurement purposes.
potential of Consumer-Administration e-commerce has
not yet been utilisd but has a lot of scope. All interactions
with the administration that an ordinary consumer has
to undergo could come under this category.
Commerce Act (INDIA)
The Ministry of Commerce has published a draft of the
Electronic Commerce Act. The draft in its overview says
" The shift from paper based to electronic transactions
has raised questions concerning the recognition, authenticity
and enforceability of electronic documents and signatures.
The challenge for lawmakers has been to balance the
sometimes conflicting goals of safegaurding electronic
commerce and encouraging technological development.
"At least the overview sounds good. The act is
divided into 13 parts, each dealing with specific issues
like electronic contracting, digital signatures, liability
of network service providers, criminal penalties etc.
The act provides penalties for trespass into a system,
introducing viruses into networks, etc. The act defines
'Electronic' as- "Electronic" includes electrical,
digital, magnetic, optical, electromagnetic or any other
form of technology that entails capabilities similar
to these technologies.