DGFT
Log in to FollowDGFT Article, News Analysis Notification, Circulars, Policy Circulars, Press Release and Instructions issued by Direct General of Foreign Trade on Trade
Ceiling on MEIS benefits on exports made from 01.09.2020 to 31.12.2020
Import by EOU/EHTP/STP/BTP without payment of duty
Validity period of SCOMET export authorizations for transfer of technology/software
Procedure for applications for export of N-95/FFP2 Masks
New ‘Rules of Origin’ to Check Misuse of FTA Provisions
Tough days ahead for importers claiming preferential benefit under FTAs – CAROTAR, 2020
Comprehensive comparison of Authorised Economic Operator (AEO) with Star Export House benefit schemes
Option to debit duty through Duty Scrip for Project Imports Bills of Entry
Export Policy of Personal Protection Equipment/Masks relaxed
Invest India: Technical textiles – The high-tech sun rise sector
Latest DGFT / FTP News
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The DGFT (Directorate General of foreign Trade) is the agency under the Ministry of Commerce and Industry of the Government of India which governs the execution of policies related to import and export in the country. Till 1991 it was known as CCI&E (Chief Controller of Imports & Exports). It plays a very significant role in developing trading relations with several other nations and therefore assists in enhancing not just economic growth but also offers impetus required by the trade industry. To promote exports and imports, DGFT has established several of its regional offices throughout the country.
Some of the important functions of DGFT can be summed up as below:
- DGFT is entrusted with the responsibility to implement several policies on trade, for instance, the Foreign Trade Policy.
- Directorate General of Foreign Trade is the licensing authority for licensing the importers, exporters, and import and export business.
- DGFT could restrict, prohibit and regulate imports and exports.
- DGFT has a significant role in issuing Public Notices, Notifications, Circulars, etc.
- DGFT grants ten digit Importer Exporter Code (IEC) that are the primary requirement for Importing and Exporting activities
- DGFT launches several schemes time to time about trade benefits across the country.
- DGFT has launched the ITC (HS CODE) Schedule-1 for import goods and Schedule-2 for Export goods.
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