DGFT - Page 3

DGFT amends para 2.16, 2.20, 2.51, 2.74, 2.79 & 2.80 of HBP

Public Notice No. 11/2015-20 (26/07/2017)

In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP), 2015-20, the Director General of Foreign Trade, hereby makes amendments i n paras 2.16, 2.20, 2.51, 2.74, 2.79 and 2.80 of the Handbook of Procedures (HBP) of FTP 2015-20, with immediate effect (changes made are in bold letters)....

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Permission for bringing goods meant for export by import/domestic freight containers-reg.

Public Notice No. 96/2017-JNCH (27/07/2017)

Attention of all the importers, Exporters, Customs Brokers, and other stake holders is invited to the issue of Permission for bringing goods meant for export by import/domestic freight containers....

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Import-Export Code: An Initial Step for every –Importer & Exporter in India

Every Person who is going to start a business of Import or Export in India is required to get his PAN based Import-Export Code (IEC) from Director General of Foreign Trade (DGFT), whether a person is willing to export his goods and services outside India or he is willing to import his goods or service from outside India....

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Processing of BEs during transition phase of GST roll out in Customs

Standing Order No. 23/2017-JNCH (13/07/2017)

It has been observed that Trade is still facing problem difficulties and delays in processing of import declarations due to system related issues. 2. Earlier Standing Order No 21/2017, dated 10.07.2017 was issued to extend the validity of Standing Order No-18/2017 dated 06.07.2017 till 12.07.2017....

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Amendment in Chapter Notes and Import Policy and Policy Conditions of items under Chapter 98 of ITC (HS), 2017 – Schedule -1 (Import Policy)

Notification No. 16/2015-2020 (12/07/2017)

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends Chapter Notes and Import Policy and Policy Conditions of items of Chapter 98 as under...

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Procedure for chemical examination of cargo of non-hazardous category to be exported in ISO tanks

Public Notice No. 94/2017 (11/07/2017)

Attention of all the importers, exporters, Customs Brokers, and other stake holders is invited to the Public Notice No. 46/2017 dated 31.03.2017 on the subject Procedure for clearance of export cargo categorised as Hazardous Goods....

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Standard procedure for import of cosmetic product

Standing Order No. 22/2017-JNCH (11/07/2017)

The cosmetic products packaged for retail sale are subjected to provisions contained in the Packaged Commodity Rules, 2011 as well as Drug and Cosmetics Act, 1940 and rules made thereunder. ...

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No hold up of import /export consignments for GSTIN unless legally required

Public Notice No. 93/2017-JNCH (11/07/2017)

It is being clarified and assured that there is no hold up of import and export consignments, wherever GSTIN is legally not required. Importers, Exporters and Customs Brokers are requested to quote authorized PAN in the bills of entry or shipping bills for such clearance...

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Processing of BEs stuck in ICES during roll out of GST in Customs-reg

Standing Order No. 21/2017-JNCH (10/07/2017)

Trade has reported that they are facing a number of issues in all such transitional cases as system is not processing & allowing the officers to further process such Bills of Entry to next stage....

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Issues related to exports without payment of IGST

Public Notice No. 91/2017- JNCH (10/07/2017)

Various communications were received from the field formations and exporters that difficulties were being faced in complying with the procedure prescribed for making exports of goods and services without payment of integrated tax with respect to furnishing of bonds/Letter of Undertaking....

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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.