DGFT - Page 2

DGFT notifies conditions for import of toys

Notification No. 26/2015-2020 (01/09/2017)

Import of Toys (all items under EXIM Codes 95030010, 950300 20, 95030030 and 95030090) shall be permitted freely when accompanied by the following two types of certificates: (i) A certificate that the toys being imported conform to the standards prescribed in (a) ASTM F963 or (b) ISO 8124 (Parts I-III) or (c) IS 9873 [Parts I-...

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Procedure to verify First time importers / exporters and Submission of KYC documents

Public Notice No. 112/2017-JNCH (31/08/2017)

Representations have been received from first time importers / exporters/ other stakeholders highlighting problems faced during verification of documents by Customs. It has been represented that number of documents are being asked from them, which adds to the transaction cost and also delays the import and export shipments....

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DGFT notifies Proformae for submission of applications for export and import Sandalwood (Santalum album)

Public Notice No. 21/2015-2020 (31/08/2017)

Proformae for submission of application by SEZ units with respective jurisdictional authority of SEZ for obtaining 'No Objection Certificate' of Ministry of Environment, Forests & Climate Change (MOEF&CC) through DGFT has be notified....

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Reg. contracts prior to 5th August, 2017 for import of Pigeon Peas/Toor Dal

Trade Notice No. 15/(2015-2020)- DGFT Notification (31/08/2017)

Trade Notice No. 13 dated 11.8.2017 has provided for import [as per para 2,17 and 9.11 of the Handbook of the Procedure (2015-2020)] of Pigeon Peas/Toor Dal for which irrevocable Letters of Credit have been opened prior to 5th August, 2017 and subsequently registered with the jurisdictional RAs, as per provisions of Para 1.05 of the Forei...

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Corrections/Amendments in Table 2 of Appendix 3B Foreign Trade Policy 2015-20

Public Notice No.22/2015-2020 (11/08/2017)

In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes the following corrections/ amendments in Table 2 of Appendix 3B (notified through Public Notice No.61 dated 07.03.2017 and subsequently amended through Public Notice No.17 dated 22.08.2017)....

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Procedure for execution / monitoring of “No Use Bond”

Public Notice No. 111/2017 (29/08/2017)

Procedure for execution / monitoring of No Use Bond in respect of clearance of import FCL containers involving NOC from Participating Government Agencies (PGAs) ...

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Procedure for evacuation of DPD containers from JNCH port terminals

Public Notice No. 110/2017 (29/08/2017)

Procedure in relation to evacuation of DPD containers from port terminals of JNCH, Nhava Sheva to designated CFSs, if not cleared within prescribed 48 Hours period, extension of aforesaid time limit in certain situations;...

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Import Export code (IEC) application under GST regime

Introduction: This article discusses in detail about application for Import Export code(IEC) application under GST regime. Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be IEC. So do we still need to [...

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Amendment in import policy of gold and silver under Chapter 71 of the ITC(HS) 2017, Schedule -I (Import Policy)

Notification No. 25/2015-2020 (25/08/2017)

Policy Condition No. 4 restricting imports of gold and silver under Exim Codes 7113, 7114, 7115 and 7118 from South Korea is inserted in Chapter 71 of ITC(HS) 2017 ....

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Amendment in Foreign Trade Policy Related to importations or exportations of gold or silver

Notification No. 24/2015-2020 (25/08/2017)

Principle of Restriction Relating to the importations or exportations of gold or silver is added at (i) under para 2.07 of Foreign Trade policy (2015-20)....

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Latest DGFT / FTP News

Checkout all the latest news on DGFT and DGFT notifications at Taxguru.in. Read DGFT articles and DGFT news on our website which is updated regularly.

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.

At Taxguru, we bring you all the latest news on DGFT and DGFT notifications. Find out all the recent DGFT news here. We publish regular DGFT articles for our viewers at regular intervals. We keep updating our site regularly with all the latest and relevant DGFT news so that our viewers can stay informed with all the import-export related information at all times. Stay with us for more on latest DGFT news here at Taxguru.