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DGFT India: Regulating the Import and export Trade of India

Those who are in the middle of import export trading are well aware of the term DGFT India that brief for Director General of Foreign Trade, India. Functioning your Ministry of Commerce and Industry, it is can buy the most important authorities, which is solely contributing to framing the policies regarding export and import in India. Promoting export and import related activities associated with country are one from the major objectives of this organization. To fulfill the intention of it formulates and implements various trading policies and guidelines regarding foreign trade for example - Foreign trade Policy or the Exim Policy, etc.

The DGFT Delhi could be the Zonal Office (North Zone) that has nine Regional offices under its authority. DGFT Delhi is engaged in providing benefits to the Exporters/Importers by way a lot of schemes available as per Export-Import Policy. The prime objective of this department is to promote or facilitate trade related information, and to provide accurate and reliable information in public domain that can easily be used by numerous trading communities within the country and abroad.

Following is the involving some of the major wings of DGFT India that takes care associated with activities related to the department:

Duty Exemption Scheme

Export Promotion Capital Goods

Cash Assistance, Appeal Elizabeth.O. Cell

Drawback

Policy Division

Policy Cell

Policy Research and Analysis

Restricted Import Licensing

Enforcement cum Adjudication

Statistics Division

Human Resources Development

National Informatics Centre-NIC

DGFT Software Technology Parks in India

DGFT Special Economic Zones

DGFT Export Oriented Units (EOUs) in India

Some for the major activities of this authority are usually mandate for import export traders include:

Issue of IEC number - IEC stands for Importer Exporter Code issued by the directorate, which is a primary necessity for any company or venture capitalist seeking to do move in Sweden. The IEC code can be obtained from the regional offices by applying through post or with an online form. One in addition be check for his/her application status on the website of DGFT.

It maintains and updates HS Code Lists - HS Codes list issued by the Directorate is from the numerical code assigned to numerous products and commodities for import export trading. This code is required while shipping commodities from country to another. In short it can be a particular number assigned to particular products used as describing goods in the import export trading place.

It issues new trading policies and updates the existing ones- It lays along the required framework upon which traders and corporations pursue cross border trading. Most of guidelines and guidelines related to import export trading are framed by this board. Besides this, in addition, it regulates the trade by imposing the policies.

Whenever the Directorate makes any new amendment or introduces a replacement clause to your preexisting policy, the amendment notification is flashed through the internet too. It is very important for the members of the international trading community to keep a tab on all these important cards. You can easily get in case you announcements of dgft IE Code Registration Online India India on Infodrive India, a prominent export import database domain.