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
After 31/03/2017 only Euro–IV compliant motorcycles will be allowed to be imported
Guidelines on Online Application Form for Issue/Modification in Importer Exporter Code (IEC) Number
Import of Capital Goods not permitted under EPCG Scheme for generation/transmission of power
IEC code can now be applied with only Two Documents
Extension of validity of Agencies as listed in the Appendix 2G of A&ANF of FTP 2015-20 up till 31.05.2016
Procedure to deal with pending applications for issuance of Duty Free Import Authorisation(s) and their transferability
Strictly adhere to 3 document norm for Export and Import
Import of Natural Rubber under Advance Authorisations not allowed till 31.03.2016
Import of Natural Rubber allowed only through sea ports of Chennai and Nhava Sheva
DGFT permits Export of Roasted Gram(whole/split) in consumer packs of 1 Kg
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.
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.
