Summary: The Directorate General of Foreign Trade (DGFT), through Trade Notice No. 31/2026-27 dated 21 October 2026, issued a precautionary advisory concerning M/s Julfikar Fashions Limited, Mirpur, Bangladesh, under paragraph 8.07(d) of the Foreign Trade Policy, 2023. The advisory follows a Quality Control & Trade Dispute complaint against the entity. DGFT stated that the matter had been pursued through appropriate diplomatic and administrative channels, but repeated efforts and follow-up communications had not elicited a substantive response from the firm or the relevant authorities. This lack of cooperation impeded verification of the facts and an amicable resolution. To safeguard Indian exporters and trade stakeholders, DGFT advised Export Promotion Councils, Industry Associations, Regional Authorities, ECGC, Authorised Dealer Banks and other concerned stakeholders to exercise heightened vigilance. Stakeholders should undertake comprehensive due diligence before entering into commercial arrangements, sensitise exporters, importers and other trade participants, and carefully assess the risk profile of proposed transactions. The development should also be considered while processing applications, extending financial or credit support, providing trade facilitation services, or issuing certifications and recommendations. Adverse experiences, payment-related issues, contractual disputes and other relevant information concerning the entity should be promptly reported to DGFT. The notice expressly states that the advisory is purely precautionary, based on presently available information, and intended to alert the trading community to potential risks.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
(QCTD, Division)
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Trade Notice No. 31/2026-27-DGFT | Dated: 21st October 2026
To,
1. All Export Promotion Councils (EPCs)
2. All Industry Associations
3. Export Credit Guarantee Corporation(ECGC)
4. All Regional Authorities of DGFT
Subject: Advisory against M/s Julfikar Fashions Limited, Bangladesh as per para 8.07 (d) of Foreign Trade Policy- 2023– reg.
A Quality Control & Trade Dispute (QCTD) complaint was received against M/s Julfikar Fashions Limited, Mirpur, Bangladesh.
2. The matter was taken up through the appropriate diplomatic and administrative channels in accordance with the provisions of the Foreign Trade Policy (FTP), 2023, with a view to facilitating resolution of the issues raised in the complaint. However, despite repeated efforts and follow-up communications, no substantive response has been received from the concerned firm or the relevant authorities. The continued absence of cooperation and engagement has impeded efforts to verify the facts of the case and achieve an amicable resolution.
3. In light of the foregoing, and in the interest of safeguarding the interests of Indian exporters and trade stakeholders, the Directorate General of Foreign Trade (DGFT) advises all Export Promotion Councils (EPCs), Industry Associations, Regional Authorities (RAs), Export Credit Guarantee Corporation of India Ltd. (ECGC), Authorised Dealer Banks, and other concerned stakeholders to exercise heightened vigilance while dealing with the above-mentioned entity.
4. Accordingly, all stakeholders are advised to: (i) Exercise enhanced caution and undertake comprehensive due diligence before entering into any commercial arrangement or transaction with the aforesaid entity; (ii) Sensitize and appropriately advise exporters, importers, and other trade participants regarding the concerns associated with this entity; (iii) Carefully assess the risk profile of any proposed transaction involving the said entity and consider this development while processing applications, extending financial or credit support, providing trade facilitation services, or issuing certifications and recommendations; (iv) Promptly report any adverse experience, payment-related issues, contractual disputes, or other relevant information concerning this entity to DGFT for further examination and necessary action.
5. This advisory is being issued purely as a precautionary measure based on the information presently available and is intended to alert the trading community to the potential risks associated with dealings involving the above-mentioned entity.
This is issued with the approval of the Competent Authority.
(Ajay Kumar)
Deputy Director
Email: [email protected]
Copy to:
M/s Rangadao & Associates
Dangaigaon, Chirang, Assam
(Issued from File No. 01/17/HQ/AM27/QCTD)
