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
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 1st April, 2015
What Factors basically deal with foreign Trade Policy?
DGFT-Appendix 4G as appearing in para 9.06 is being revised to read as Appendix-4H
Agencies desirous of enlistment in Appendix 2I to Submit Application to DGFT
Application for Duty Credit Scrips of additional 2% under Market Linked Focus Product Scheme
MEIS Additions/amendments Table 2 [containing ITC (HS) code wise list of products with reward rates] of Appendix 3B
Permission for export of Finished Leather, Wet Blue and EI Tanned Leather also through ICDs at Jalandhar and Nagpur
Govt. prohibits Import of Human Embryo except for research purposes
SEIS Scheme eligible period for benefits extended up to 31.3.2016
Quantity of sugar to be exported to EU under CXL Quota & to USA under TRQ upto 30.09.2016 notified
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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