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
Refund SMS Seva for refund claims filed at JNCH, Nhava Sheva
Amendments in Foreign Trade Policy 2015-20 -reg
Amendment to Customs Valuation Rules- Notification No. 91/2017 (NT)
Clarification on issues related to furnishing of Bond/LUT
Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017
Digitization of disbursement of Drawback claims at JNCH
Clarification: Legislative changes relating to Customs Act, 1962 proposed in Finance Bill, 2017
Re-Export/Repair/Replacement of Capital Goods Imported under EPCG Scheme
SOP for Processing of Bonds and Bank Guarantees in BBM
Procedure for export of spices to the European Union countries
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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